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

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $59.50.

A number of research firms have commented on TBBK. Zacks Research upgraded shares of Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Piper Sandler began coverage on shares of Bancorp in a research note on Thursday, March 12th. They set an “overweight” rating and a $66.00 target price on the stock. Wall Street Zen upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings cut shares of Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th.

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 8,400 shares of Bancorp 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 sale, the chief marketing officer owned 24,942 shares in the company, valued at $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 SEC, which is available at the SEC website. Also, EVP Erika R. Caesar sold 4,470 shares of Bancorp stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total transaction of $269,451.60. Following the sale, the executive vice president owned 32,880 shares in the company, valued at approximately $1,982,006.40. The trade was a 11.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Bancorp

Several large investors have recently bought and sold shares of TBBK. Hilton Head Capital Partners LLC bought a new stake in Bancorp in the fourth quarter worth $27,000. Lazard Asset Management LLC bought a new stake in Bancorp in the second quarter worth $53,000. Northwestern Mutual Wealth Management Co. increased its position in Bancorp by 732.2% in the third 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 bought a new stake in Bancorp in the third quarter worth $66,000. Finally, Kestra Advisory Services LLC bought a new stake in Bancorp in the fourth quarter worth $68,000. Institutional investors own 96.22% of the company’s stock.

Bancorp Stock Performance

Shares of TBBK stock opened at $56.17 on Monday. Bancorp has a one year low of $50.20 and a one year high of $81.65. The company’s 50-day moving average is $56.80 and its 200 day moving average is $60.04. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.89.

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 analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $132.50 million for the quarter, compared to the consensus estimate of $189.17 million. Bancorp had a net margin of 26.92% and a return on equity of 30.56%. Sell-side analysts expect that Bancorp will post 5.95 EPS 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.