Bancorp (NASDAQ:TBBK) Stock Price Down 4.4% – Time to Sell?

The Bancorp, Inc. (NASDAQ:TBBK)’s share price was down 4.4% on Thursday . The company traded as low as $51.36 and last traded at $51.36. Approximately 36,571 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 568,930 shares. The stock had previously closed at $53.73.

Analyst Ratings Changes

TBBK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut Bancorp from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $65.00 in a research note on Thursday. Wall Street Zen cut Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st.

Bancorp Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $50.00 and a 200 day moving average of $53.26. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 11.77 and a beta of 1.24.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The business had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. As a group, equities research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its stake in shares of Bancorp by 1.2% in the first quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank’s stock worth $1,017,000 after acquiring an additional 236 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in Bancorp by 2.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank’s stock valued at $508,000 after buying an additional 242 shares in the last quarter. Napa Wealth Management raised its stake in Bancorp by 3.8% during the fourth quarter. Napa Wealth Management now owns 6,940 shares of the bank’s stock valued at $365,000 after buying an additional 255 shares in the last quarter. Arcus Capital Partners LLC raised its stake in Bancorp by 5.0% during the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock valued at $347,000 after buying an additional 315 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Bancorp by 3.3% during the first quarter. First Hawaiian Bank now owns 12,136 shares of the bank’s stock valued at $641,000 after buying an additional 385 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.