Bancorp Inc (NASDAQ:TBBK) EVP Ron J. Wechsler sold 2,539 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $10.95, for a total transaction of $27,802.05.
Shares of TBBK stock traded up $0.41 during trading hours on Thursday, hitting $12.61. The company had a trading volume of 373,382 shares, compared to its average volume of 174,596. The company’s fifty day moving average is $11.17 and its 200 day moving average is $9.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.72 and a quick ratio of 0.61. Bancorp Inc has a fifty-two week low of $7.64 and a fifty-two week high of $12.69. The stock has a market capitalization of $717.36 million, a PE ratio of 18.27 and a beta of 1.27.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.38 EPS for the quarter, topping the consensus estimate of $0.27 by $0.11. The firm had revenue of $71.08 million for the quarter, compared to analyst estimates of $63.76 million. Bancorp had a net margin of 20.66% and a return on equity of 12.67%. Equities analysts forecast that Bancorp Inc will post 1.09 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. lifted its holdings in 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 buying an additional 10,622 shares in the last quarter. Patriot Financial Partners GP LP acquired a new stake in Bancorp during the 3rd quarter worth approximately $109,000. BerganKDV Wealth Management LLC increased its position in shares of Bancorp by 21.8% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,090 shares during the last quarter. Capital Investment Counsel Inc increased its position in shares of Bancorp by 23.8% in the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,381 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Bancorp by 24.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock valued at $139,000 after purchasing an additional 3,080 shares during the last quarter. Institutional investors own 78.87% of the company’s stock.
Several research firms have recently weighed in on TBBK. BidaskClub raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. ValuEngine cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Sandler O’Neill raised shares of Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research raised shares of Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Bancorp has a consensus rating of “Hold” and an average price target of $12.00.
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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