The Bancorp, Inc. (TBBK) Receives Consensus Rating of “Buy” from Brokerages

The Bancorp, Inc. (NASDAQ:TBBK) has earned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $8.25.

Several research firms have weighed in on TBBK. Zacks Investment Research raised The Bancorp from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 price target on shares of The Bancorp in a research report on Friday, November 10th. Finally, BidaskClub raised The Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd.

In related news, Director John C. Chrystal sold 62,285 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $9.65, for a total value of $601,050.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel G. Cohen sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $9.53, for a total transaction of $2,382,500.00. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in The Bancorp by 9.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,235 shares of the bank’s stock worth $24,283,000 after acquiring an additional 248,998 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in The Bancorp by 33.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,136,489 shares of the bank’s stock worth $17,669,000 after acquiring an additional 531,976 shares during the last quarter. Vanguard Group Inc. raised its holdings in The Bancorp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 2,087,441 shares of the bank’s stock worth $10,646,000 after acquiring an additional 90,800 shares during the last quarter. Heartland Advisors Inc. raised its holdings in The Bancorp by 5.9% in the 2nd quarter. Heartland Advisors Inc. now owns 1,798,800 shares of the bank’s stock worth $13,635,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Signia Capital Management LLC raised its holdings in The Bancorp by 64.4% in the 2nd quarter. Signia Capital Management LLC now owns 1,006,430 shares of the bank’s stock worth $7,628,000 after acquiring an additional 394,183 shares during the last quarter. Institutional investors own 72.84% of the company’s stock.

Shares of The Bancorp (NASDAQ:TBBK) opened at $9.84 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The Bancorp has a 12-month low of $4.41 and a 12-month high of $10.19.

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The Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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