Bancorp Inc (NASDAQ:TBBK) EVP Ron J. Wechsler sold 2,539 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $10.95, for a total transaction of $27,802.05.
NASDAQ TBBK traded up $0.05 during trading hours on Friday, reaching $11.17. 1,437 shares of the company were exchanged, compared to its average volume of 223,689. The stock has a market capitalization of $645.36 million, a P/E ratio of 16.19 and a beta of 1.26. The company has a quick ratio of 0.61, a current ratio of 0.72 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $10.73 and its 200-day simple moving average is $9.75. Bancorp Inc has a 1 year low of $7.64 and a 1 year high of $11.76.
Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, October 24th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. The firm had revenue of $71.08 million during the quarter, compared to the consensus estimate of $63.76 million. Bancorp had a net margin of 20.66% and a return on equity of 12.67%. As a group, sell-side analysts anticipate that Bancorp Inc will post 1.09 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Anderson Hoagland & Co. grew its holdings in Bancorp by 20.8% during the 2nd quarter. Anderson Hoagland & Co. now owns 121,843 shares of the bank’s stock valued at $1,084,000 after buying an additional 20,938 shares in the last quarter. Bailard Inc. lifted its position in shares of Bancorp by 7.2% during the second quarter. Bailard Inc. now owns 19,300 shares of the bank’s stock worth $172,000 after purchasing an additional 1,300 shares during the last quarter. Capital Investment Counsel Inc lifted its position in shares of Bancorp by 23.8% during the second quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock worth $110,000 after purchasing an additional 2,381 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Bancorp by 24.7% during the second 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 last quarter. Finally, Dupont Capital Management Corp bought a new stake in shares of Bancorp during the second quarter worth $965,000. Institutional investors own 78.87% of the company’s stock.
TBBK has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, November 2nd. ValuEngine lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, BidaskClub lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th.
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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