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.
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.
TRADEMARK VIOLATION WARNING: “The Bancorp, Inc. (TBBK) Receives Consensus Rating of “Buy” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/14/the-bancorp-inc-tbbk-receives-consensus-rating-of-buy-from-brokerages.html.
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).
Receive News & Ratings for The Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.