Bancorp (NASDAQ:TBBK) Stock Rating Lowered by StockNews.com

Bancorp (NASDAQ:TBBK) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Other equities research analysts have also recently issued research reports about the company. Raymond James reiterated an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday.

Bancorp Stock Performance

Shares of TBBK opened at $48.75 on Monday. The firm’s 50 day moving average price is $50.21 and its two-hundred day moving average price is $53.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. Bancorp has a twelve month low of $29.92 and a twelve month high of $65.84. The firm has a market cap of $2.34 billion, a P/E ratio of 11.34 and a beta of 1.26.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Bancorp had a net margin of 30.97% and a return on equity of 27.33%. The firm had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. On average, analysts forecast that Bancorp will post 5.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after acquiring an additional 489 shares during the period. R Squared Ltd acquired a new position in shares of Bancorp in the fourth quarter valued at $45,000. GAMMA Investing LLC raised its position in shares of Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock valued at $77,000 after purchasing an additional 456 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Bancorp by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after buying an additional 424 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Bancorp by 40.9% during the 4th quarter. KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after buying an additional 620 shares during the period. 96.22% of the stock is currently owned by institutional investors.

About Bancorp

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.