Bancorp (NASDAQ:TBBK) Shares Up 6% - What's Next?

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report)'s stock price was up 6% during mid-day trading on Tuesday . The stock traded as high as $62.95 and last traded at $63.10. Approximately 91,523 shares traded hands during trading, a decline of 84% from the average daily volume of 567,066 shares. The stock had previously closed at $59.52.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TBBK shares. Jefferies Financial Group raised Bancorp to a "buy" rating in a research report on Monday. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods downgraded Bancorp from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $70.00 to $65.00 in a research note on Thursday, June 12th. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday. Finally, Raymond James Financial upgraded Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $65.33.

Bancorp Stock Down 1.7%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a fifty day moving average price of $53.22 and a 200 day moving average price of $53.16. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 13.80 and a beta of 1.25.

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). The company had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. Bancorp had a return on equity of 27.31% and a net margin of 28.45%. As a group, sell-side analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Institutional Trading of Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Bancorp during the 1st quarter worth $39,000. Smartleaf Asset Management LLC raised its holdings in shares of Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after acquiring an additional 489 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Bancorp during the first quarter worth $58,000. GAMMA Investing LLC raised its holdings in shares of Bancorp by 45.2% during the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after acquiring an additional 456 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Bancorp during the fourth quarter valued at about $139,000. 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.