Bancorp (TBBK) Downgraded by BidaskClub to Sell

BidaskClub cut shares of Bancorp (NASDAQ:TBBK) from a hold rating to a sell rating in a report published on Saturday morning.

TBBK has been the topic of a number of other research reports. Zacks Investment Research upgraded Bancorp from a hold rating to a strong-buy rating and set a $11.00 target price on the stock in a research note on Wednesday, October 31st. ValuEngine upgraded Bancorp from a sell rating to a hold rating in a research note on Monday, October 29th. Finally, TheStreet upgraded Bancorp from a c rating to a b rating in a research note on Monday, November 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $11.67.

Bancorp stock opened at $9.95 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.14. The stock has a market cap of $561.64 million, a price-to-earnings ratio of 19.51 and a beta of 0.98. Bancorp has a fifty-two week low of $8.64 and a fifty-two week high of $12.00.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, October 25th. The bank reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.90. Bancorp had a return on equity of 11.34% and a net margin of 23.24%. The business had revenue of $121.60 million for the quarter, compared to the consensus estimate of $120.75 million. On average, research analysts forecast that Bancorp will post 0.78 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Frontier Capital Management Co. LLC boosted its stake in shares of Bancorp by 22.1% in the third quarter. Frontier Capital Management Co. LLC now owns 4,258,794 shares of the bank’s stock worth $40,842,000 after buying an additional 769,978 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Bancorp by 1.4% in the third quarter. BlackRock Inc. now owns 3,612,621 shares of the bank’s stock worth $34,646,000 after buying an additional 51,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bancorp by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,599,652 shares of the bank’s stock worth $34,521,000 after buying an additional 151,079 shares during the last quarter. Wells Fargo & Company MN boosted its position in Bancorp by 8.1% during the third quarter. Wells Fargo & Company MN now owns 2,040,005 shares of the bank’s stock worth $19,563,000 after purchasing an additional 152,896 shares in the last quarter. Finally, Nantahala Capital Management LLC boosted its position in Bancorp by 4.4% during the second quarter. Nantahala Capital Management LLC now owns 1,711,379 shares of the bank’s stock worth $17,901,000 after purchasing an additional 72,724 shares in the last quarter. Hedge funds and other institutional investors own 80.96% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.

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