The Bancorp, Inc. (NASDAQ:TBBK) Given Average Rating of “Moderate Buy” by Analysts

The Bancorp, Inc. (NASDAQ:TBBK) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $63.40.

A number of equities research analysts have recently issued reports on TBBK shares. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Weiss Ratings raised shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Bank of America reissued a “buy” rating on shares of Bancorp in a research report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of Bancorp from a “market perform” rating to an “outperform” rating and upped their target price for the company from $72.00 to $77.00 in a research note on Thursday, July 9th.

Insider Transactions at Bancorp

In other news, CMO Maria Wainwright sold 8,400 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.24, for a total transaction of $506,016.00. Following the completion of the sale, the chief marketing officer owned 24,942 shares of the company’s stock, valued at approximately $1,502,506.08. This trade represents a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Erika R. Caesar sold 4,470 shares of Bancorp stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total transaction of $269,451.60. Following the completion of the sale, the executive vice president owned 32,880 shares of the company’s stock, valued at approximately $1,982,006.40. This trade represents a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new position in shares of Bancorp during the fourth quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new stake in shares of Bancorp in the 2nd quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Bancorp by 732.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after purchasing an additional 659 shares during the last quarter. IFP Advisors Inc acquired a new position in Bancorp during the 3rd quarter valued at approximately $66,000. Finally, Kestra Advisory Services LLC acquired a new position in Bancorp during the 4th quarter valued at approximately $68,000. 96.22% of the stock is currently owned by institutional investors.

Bancorp Stock Performance

NASDAQ:TBBK opened at $67.08 on Friday. The firm’s fifty day simple moving average is $59.11 and its 200 day simple moving average is $59.44. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. Bancorp has a twelve month low of $50.20 and a twelve month high of $81.65. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.05 and a beta of 1.19.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $132.50 million during the quarter, compared to the consensus estimate of $189.17 million. Bancorp had a return on equity of 30.56% and a net margin of 26.92%. As a group, equities research analysts expect that Bancorp will post 5.95 earnings per share for the current fiscal year.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.