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

The Bancorp, Inc. (NASDAQ:TBBK) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, six 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 updated their coverage on the stock in the last year is $59.50.

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

Bancorp Stock Performance

Shares of NASDAQ:TBBK opened at $62.27 on Monday. The business’s 50 day moving average price is $56.90 and its 200-day moving average price is $59.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 12.11 and a beta of 1.21. Bancorp has a 1 year low of $50.20 and a 1 year high of $81.65.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $132.50 million for the quarter, compared to analyst estimates of $189.17 million. Bancorp had a return on equity of 30.56% and a net margin of 26.92%. On average, equities research analysts forecast that Bancorp will post 5.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Maria Wainwright sold 8,400 shares of Bancorp stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total transaction of $506,016.00. Following the transaction, the chief marketing officer owned 24,942 shares in the company, valued at $1,502,506.08. The trade was a 25.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $269,451.60. Following the transaction, the executive vice president owned 32,880 shares in the company, valued at approximately $1,982,006.40. This represents 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of TBBK. Hilton Head Capital Partners LLC purchased a new position in shares of Bancorp during the 4th quarter worth $27,000. Lazard Asset Management LLC acquired a new stake in shares of Bancorp during the 2nd quarter worth about $53,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Bancorp by 732.2% during 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 stake in shares of Bancorp during the 3rd quarter worth about $66,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Bancorp during the 4th quarter worth about $68,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

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.