Bancorp Inc (NASDAQ:TBBK) CEO Damian Kozlowski bought 4,460 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of $11.63 per share, with a total value of $51,869.80.
Shares of NASDAQ TBBK traded up $0.44 during trading on Monday, hitting $12.82. 341,184 shares of the company traded hands, compared to its average volume of 176,601. The company has a 50-day moving average price of $11.21 and a 200-day moving average price of $9.88. Bancorp Inc has a 1 year low of $7.64 and a 1 year high of $12.85. 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 firm has a market capitalization of $729.60 million, a P/E ratio of 18.58 and a beta of 1.27.
Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $71.08 million for the quarter, compared to the consensus estimate of $63.76 million. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. Research analysts predict that Bancorp Inc will post 1.09 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in 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 acquiring an additional 10,622 shares in the last quarter. BerganKDV Wealth Management LLC raised its stake 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 acquiring an additional 2,090 shares during the period. Patriot Financial Partners GP LP acquired a new position in shares of Bancorp during the 3rd quarter valued at $109,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of 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 valued at $139,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Bancorp by 24.2% in the 2nd quarter. Bank of Montreal Can now owns 15,758 shares of the bank’s stock valued at $141,000 after purchasing an additional 3,071 shares in the last quarter. 78.87% of the stock is currently owned by hedge funds and other institutional investors.
TBBK has been the subject of a number of recent analyst reports. Sandler O’Neill raised Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded Bancorp from a “sell” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Saturday, November 2nd. ValuEngine cut Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, BidaskClub upgraded shares of Bancorp from a “hold” rating to a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock 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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