Bancorp (NASDAQ:TBBK) Trading 5.3% Higher - What's Next?

Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) traded up 5.3% during trading on Tuesday . The company traded as high as $68.34 and last traded at $68.59. 181,526 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 567,439 shares. The stock had previously closed at $65.14.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday. Finally, Wall Street Zen downgraded shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $65.33.

Bancorp Trading Up 4.6%

The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 15.30 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. The company's 50 day simple moving average is $53.97 and its two-hundred day simple moving average is $53.33.

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

Institutional Investors Weigh In On Bancorp

Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Bancorp in the first quarter worth $39,000. Brooklyn Investment Group purchased a new position in shares of Bancorp in the first quarter worth $58,000. GAMMA Investing LLC raised its holdings in shares of Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after buying an additional 456 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Bancorp in the fourth quarter worth $139,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Bancorp in the first quarter worth $169,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

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.

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