Bancorp (NASDAQ:TBBK) Reaches New 1-Year High - Should You Buy?

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $68.95 and last traded at $67.10, with a volume of 1748058 shares traded. The stock had previously closed at $65.14.

Wall Street Analyst Weigh In

TBBK has been the topic of several recent research reports. Barclays reaffirmed a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Morgan Stanley reaffirmed an "overweight" rating on shares of Bancorp in a report on Friday. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a research report on Friday, July 11th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Bancorp in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.33.

Bancorp Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 15.31 and a beta of 1.25. The company's 50-day moving average is $55.21 and its 200-day moving average is $53.72.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The firm had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Equities research analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Institutional Trading of Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Bancorp by 2.0% in the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank's stock valued at $226,662,000 after buying an additional 85,908 shares in the last quarter. Invesco Ltd. boosted its position in Bancorp by 20.7% in the first quarter. Invesco Ltd. now owns 2,712,975 shares of the bank's stock valued at $143,354,000 after buying an additional 466,139 shares in the last quarter. American Century Companies Inc. boosted its position in Bancorp by 9.8% in the first quarter. American Century Companies Inc. now owns 2,628,832 shares of the bank's stock valued at $138,908,000 after buying an additional 235,303 shares in the last quarter. Wellington Management Group LLP boosted its position in Bancorp by 5.4% in the first quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank's stock valued at $96,248,000 after buying an additional 93,586 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Bancorp by 3.6% during the fourth quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock worth $51,783,000 after purchasing an additional 33,943 shares during the period. Institutional investors and hedge funds 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.