Bancorp (NASDAQ:TBBK) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Bancorp (NASDAQ:TBBK - Free Report) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other research analysts have also recently issued reports on TBBK. Keefe, Bruyette & Woods cut their price target on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James reaffirmed an "outperform" rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

Bancorp Price Performance

NASDAQ TBBK traded down $0.68 during trading on Wednesday, reaching $51.10. 358,650 shares of the company traded hands, compared to its average volume of 570,686. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 11.88 and a beta of 1.31. 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 1-year low of $31.34 and a 1-year high of $65.84. The stock's 50 day moving average price is $49.92 and its two-hundred day moving average price is $53.71.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results 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 net margin of 30.97% and a return on equity of 27.33%. The business had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. As a group, analysts anticipate that Bancorp will post 5.31 EPS for the current year.

Institutional Investors Weigh In On Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in Bancorp by 22.9% in the first quarter. Intech Investment Management LLC now owns 34,667 shares of the bank's stock valued at $1,832,000 after acquiring an additional 6,460 shares during the last quarter. Jane Street Group LLC lifted its position in Bancorp by 145.8% during the 1st quarter. Jane Street Group LLC now owns 128,173 shares of the bank's stock valued at $6,773,000 after purchasing an additional 76,027 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Bancorp by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank's stock valued at $7,795,000 after purchasing an additional 8,454 shares during the period. Systematic Alpha Investments LLC bought a new position in shares of Bancorp in the 1st quarter valued at about $201,000. Finally, Siena Capital Partners GP LLC acquired a new stake in shares of Bancorp during the 1st quarter worth approximately $1,057,000. 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.