Analysts Set The Bancorp, Inc. (TBBK) Target Price at $8.25

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been assigned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.25.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 price objective on shares of The Bancorp in a report on Friday, November 10th.

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

Several institutional investors and hedge funds have recently made changes to their positions in TBBK. Beach Investment Management LLC. boosted its holdings in shares of The Bancorp by 36.2% during the second quarter. Beach Investment Management LLC. now owns 155,020 shares of the bank’s stock valued at $1,175,000 after acquiring an additional 41,207 shares during the period. Rhumbline Advisers boosted its holdings in shares of The Bancorp by 5.5% during the second quarter. Rhumbline Advisers now owns 57,725 shares of the bank’s stock valued at $438,000 after acquiring an additional 3,010 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of The Bancorp by 49.2% during the second quarter. Alliancebernstein L.P. now owns 39,700 shares of the bank’s stock valued at $301,000 after acquiring an additional 13,100 shares during the period. Teachers Advisors LLC boosted its holdings in shares of The Bancorp by 6.5% during the second quarter. Teachers Advisors LLC now owns 111,635 shares of the bank’s stock valued at $846,000 after acquiring an additional 6,768 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of The Bancorp by 6.1% during the second quarter. TIAA CREF Investment Management LLC now owns 198,611 shares of the bank’s stock valued at $1,505,000 after acquiring an additional 11,487 shares during the period. 72.84% of the stock is owned by institutional investors.

The Bancorp (NASDAQ:TBBK) traded up $0.48 during trading on Monday, reaching $10.80. 215,300 shares of the company’s stock were exchanged, compared to its average volume of 284,025. The firm has a market capitalization of $576.47, a P/E ratio of 180.00 and a beta of 1.23. 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 Bancorp has a 1 year low of $4.41 and a 1 year high of $10.81.

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The 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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