Bancorp (NASDAQ:TBBK) Downgraded to "Sell" Rating by StockNews.com

Bancorp (NASDAQ:TBBK - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday. Raymond James reissued an "outperform" rating and issued a $67.00 price target (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Stock Up 2.4 %

NASDAQ:TBBK traded up $1.16 during trading hours on Monday, hitting $49.47. 383,435 shares of the company's stock traded hands, compared to its average volume of 580,384. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The firm has a market cap of $2.37 billion, a P/E ratio of 11.50 and a beta of 1.26. The stock's fifty day moving average price is $49.94 and its two-hundred day moving average price is $53.78. Bancorp has a twelve month low of $30.79 and a twelve month high of $65.84.

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

Institutional Investors Weigh In On Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of TBBK. Smartleaf Asset Management LLC grew its holdings in shares of Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after purchasing an additional 489 shares during the last quarter. R Squared Ltd bought a new stake in shares of Bancorp in the 4th quarter worth about $45,000. GAMMA Investing LLC grew its holdings in shares of Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after purchasing an additional 456 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Bancorp by 39.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after purchasing an additional 424 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 96.22% of the company's stock.

Bancorp Company Profile

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.