Bancorp Inc (NASDAQ:TBBK) Director Matthew Cohn bought 10,000 shares of Bancorp stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $11.00 per share, with a total value of $110,000.00.
Bancorp stock traded up $0.19 during midday trading on Monday, reaching $10.86. The company’s stock had a trading volume of 722,300 shares, compared to its average volume of 168,896. The business has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $9.72. The company has a market cap of $607.80 million, a P/E ratio of 15.74 and a beta of 1.26. Bancorp Inc has a fifty-two week low of $7.64 and a fifty-two week high of $11.76. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.11.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. The company had revenue of $71.08 million for the quarter, compared to analyst estimates of $63.76 million. As a group, equities analysts forecast that Bancorp Inc will post 1.09 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TBBK. Panagora Asset Management Inc. raised its position in shares of Bancorp by 3,288.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 10,945 shares of the bank’s stock worth $98,000 after purchasing an additional 10,622 shares during the last quarter. BerganKDV Wealth Management LLC grew its stake in shares of Bancorp by 21.8% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after buying an additional 2,090 shares during the period. Patriot Financial Partners GP LP purchased a new stake in shares of Bancorp during the 3rd quarter valued at $109,000. Capital Investment Counsel Inc grew its stake in shares of Bancorp by 23.8% during the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after buying an additional 2,381 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Bancorp by 24.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock worth $139,000 after purchasing an additional 3,080 shares during the period. 77.61% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. ValuEngine cut Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Zacks Investment Research upgraded Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Saturday, November 2nd. Finally, BidaskClub cut Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th.
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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.
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