Bancorp Inc (NASDAQ:TBBK) was the target of a large decrease in short interest in November. As of November 29th, there was short interest totalling 245,700 shares, a decrease of 6.4% from the November 14th total of 262,500 shares. Based on an average daily volume of 193,700 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are short sold.
Shares of NASDAQ TBBK traded up $0.40 during trading on Monday, reaching $12.78. 4,532 shares of the stock traded hands, compared to its average volume of 280,784. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.72 and a quick ratio of 0.61. The stock has a market capitalization of $704.55 million, a P/E ratio of 18.52 and a beta of 1.27. Bancorp has a 52-week low of $7.64 and a 52-week high of $12.69. The company has a 50-day moving average of $11.21 and a 200-day moving average of $9.88.
Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data 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 company had revenue of $71.08 million during the quarter, compared to analyst estimates of $63.76 million. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. Analysts expect that Bancorp will post 1.09 earnings per share for the current fiscal year.
In other Bancorp news, CEO Damian Kozlowski bought 4,460 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $11.63 per share, for a total transaction of $51,869.80. Also, EVP Ron J. Wechsler sold 2,539 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.95, for a total value of $27,802.05. Over the last ninety days, insiders acquired 17,460 shares of company stock valued at $195,280 and sold 104,340 shares valued at $1,858,113. Corporate insiders own 11.80% of the company’s stock.
Large investors have recently modified their holdings of the business. Panagora Asset Management Inc. increased its position in shares of Bancorp by 3,288.5% in the second 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. Patriot Financial Partners GP LP bought a new position in shares of Bancorp in the 3rd quarter worth $109,000. BerganKDV Wealth Management LLC increased its holdings 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 worth $104,000 after buying an additional 2,090 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in 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, Bank of Montreal Can raised its holdings in shares of Bancorp by 24.2% during the 2nd quarter. Bank of Montreal Can now owns 15,758 shares of the bank’s stock valued at $141,000 after buying an additional 3,071 shares in the last quarter. Hedge funds and other institutional investors own 78.87% of the company’s stock.
TBBK has been the topic of a number of recent analyst reports. ValuEngine lowered Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. BidaskClub upgraded shares of Bancorp from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Saturday, November 2nd. Finally, Sandler O’Neill upgraded Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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