Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $46.51 and last traded at $48.31, with a volume of 388424 shares traded. The stock had previously closed at $48.75.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Raymond James restated an "outperform" rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price target on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, StockNews.com cut Bancorp from a "hold" rating to a "sell" rating in a report on Monday, April 28th.
Get Our Latest Stock Analysis on TBBK
Bancorp Stock Performance
The stock has a market capitalization of $2.49 billion, a P/E ratio of 12.07 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $49.87 and a two-hundred day moving average price of $53.71.
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 analysts' consensus estimates of $1.22 by ($0.03). The business had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. On average, equities analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.
Hedge Funds Weigh In On Bancorp
Institutional investors and hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its stake in Bancorp by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock worth $1,017,000 after buying an additional 236 shares during the period. Arete Wealth Advisors LLC grew its position in Bancorp by 2.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock valued at $508,000 after purchasing an additional 242 shares during the period. Napa Wealth Management increased its stake in Bancorp by 3.8% during the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock valued at $365,000 after purchasing an additional 255 shares in the last quarter. Arcus Capital Partners LLC raised its holdings in Bancorp by 5.0% during the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank's stock worth $347,000 after buying an additional 315 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of Bancorp by 3.3% during the first quarter. First Hawaiian Bank now owns 12,136 shares of the bank's stock valued at $641,000 after buying an additional 385 shares during the last quarter. Institutional investors own 96.22% of the company's stock.
About Bancorp
(
Get Free Report)
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.
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