Bancorp Inc (TBBK) Given Average Rating of “Buy” by Brokerages

Shares of Bancorp Inc (NASDAQ:TBBK) have received a consensus rating of “Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $10.25.

Several brokerages have commented on TBBK. Sandler O’Neill reiterated a “hold” rating and set a $11.00 price target on shares of Bancorp in a report on Friday, January 12th. Raymond James Financial upgraded Bancorp from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $11.00 to $13.00 in a report on Friday, January 26th. BidaskClub downgraded Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded Bancorp from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, December 22nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 price target on shares of Bancorp in a report on Friday, November 10th.

Bancorp (NASDAQ:TBBK) opened at $10.78 on Friday. Bancorp has a twelve month low of $4.41 and a twelve month high of $11.28. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $590.44 and a P/E ratio of 27.64.

In other news, Director Daniel G. Cohen sold 250,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $9.53, for a total value of $2,382,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John C. Chrystal sold 62,285 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $9.65, for a total transaction of $601,050.25. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in TBBK. Algert Global LLC bought a new stake in Bancorp in the 4th quarter valued at approximately $233,000. Frontier Capital Management Co. LLC lifted its stake in Bancorp by 31.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,818,097 shares of the bank’s stock valued at $27,843,000 after acquiring an additional 681,608 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Bancorp by 24.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 228,471 shares of the bank’s stock valued at $2,258,000 after acquiring an additional 44,972 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Bancorp in the 3rd quarter valued at approximately $248,000. Finally, GSA Capital Partners LLP lifted its stake in Bancorp by 114.6% in the 3rd quarter. GSA Capital Partners LLP now owns 150,491 shares of the bank’s stock valued at $1,245,000 after acquiring an additional 80,372 shares in the last quarter. Institutional investors and hedge funds own 74.08% of the company’s stock.

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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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