The Bancorp, Inc. (NASDAQ:TBBK) Given Average Rating of "Buy" by Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) have been assigned an average rating of "Buy" from the five research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $65.33.

Several research firms recently commented on TBBK. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a report on Monday. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Raymond James Financial upgraded shares of Bancorp to a "strong-buy" rating in a research note on Monday. Keefe, Bruyette & Woods lowered shares of 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. Finally, Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday.

Hedge Funds Weigh In On Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its holdings in Bancorp by 1.2% in the first quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock worth $1,017,000 after purchasing an additional 236 shares during the period. Arete Wealth Advisors LLC boosted its holdings in Bancorp by 2.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock worth $508,000 after purchasing an additional 242 shares during the period. Napa Wealth Management boosted its holdings in Bancorp by 3.8% in the fourth quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock worth $365,000 after purchasing an additional 255 shares during the period. First Hawaiian Bank boosted its holdings in Bancorp by 3.3% in the first quarter. First Hawaiian Bank now owns 12,136 shares of the bank's stock worth $641,000 after purchasing an additional 385 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Bancorp by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after purchasing an additional 408 shares during the period. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Trading Up 1.3%

Shares of TBBK traded up $0.74 during mid-day trading on Monday, hitting $59.64. The company had a trading volume of 42,406 shares, compared to its average volume of 565,742. The business's 50-day simple moving average is $52.71 and its 200-day simple moving average is $53.05. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. Bancorp has a 1-year low of $38.21 and a 1-year high of $65.84. The stock has a market cap of $2.79 billion, a PE ratio of 13.45 and a beta of 1.25.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its 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 company had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. Sell-side analysts forecast that Bancorp will post 5.31 earnings per share for the current year.

About Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.