Bancorp's (TBBK) "Market Perform" Rating Reaffirmed at Keefe, Bruyette & Woods

Bancorp (NASDAQ:TBBK - Get Free Report)'s stock had its "market perform" rating restated by analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $65.00 price objective on the bank's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 3.04% from the stock's previous close.

TBBK has been the topic of several other reports. Raymond James Financial upgraded Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a research note on Monday, July 7th. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $65.33.

Bancorp Stock Performance

Shares of Bancorp stock traded up $0.49 during trading on Friday, reaching $63.08. The company's stock had a trading volume of 397,728 shares, compared to its average volume of 569,559. 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 business's fifty day moving average price is $53.97 and its 200-day moving average price is $53.35. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 14.24 and a beta of 1.25. Bancorp has a one year low of $40.51 and a one year high of $65.84.

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

Institutional Investors Weigh In On Bancorp

Large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Bancorp in the 1st quarter valued at approximately $39,000. Brooklyn Investment Group bought a new stake in Bancorp during the 1st quarter worth approximately $58,000. GAMMA Investing LLC grew its position in Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after acquiring an additional 456 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Bancorp during the 4th quarter worth approximately $139,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Bancorp during the 1st quarter worth approximately $169,000. 96.22% of the stock is currently owned by institutional investors.

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.