The Bancorp, Inc. (NASDAQ:TBBK) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts' consensus: The Bancorp has an average rating of Moderate Buy from 10 analysts (6 buy, 3 hold, 1 strong buy) with a 1-year average price target of $59.50.
• Recent results: The bank reported $1.41 EPS, beating estimates by $0.07 and showing strong profitability (ROE 30.56%, net margin 31.71%), but revenue materially missed expectations ($132.5M vs. $189.17M).
• Ownership and insider activity: Institutional investors own about 96.22% of the shares, while insiders were net sellers over the past 90 days (sold 17,370 shares vs. bought 9,080).

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $59.50.

A number of analysts have recently weighed in on the stock. Bank of America set a $60.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Piper Sandler began coverage on shares of Bancorp in a research report on Thursday, March 12th. They set an "overweight" rating and a $66.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Bancorp in a report on Friday, March 27th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Bancorp in a research report on Tuesday, January 13th.

Bancorp Stock Down 1.0%

Shares of TBBK stock opened at $59.21 on Friday. The stock's 50 day simple moving average is $56.00 and its 200 day simple moving average is $63.00. Bancorp has a twelve month low of $48.86 and a twelve month high of $81.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.52 and a beta of 1.26.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.07. Bancorp had a return on equity of 30.56% and a net margin of 31.71%.The firm had revenue of $132.50 million during the quarter, compared to analysts' expectations of $189.17 million. As a group, research analysts predict that Bancorp will post 5.95 EPS for the current year.

Insider Activity

In other Bancorp news, EVP Ryan Harris sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $53.18, for a total value of $239,310.00. Following the sale, the executive vice president owned 150,516 shares of the company's stock, valued at $8,004,440.88. This trade represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Erika R. Caesar sold 4,470 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total value of $269,451.60. Following the transaction, the executive vice president owned 32,880 shares of the company's stock, valued at approximately $1,982,006.40. This trade represents a 11.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 9,080 shares of company stock worth $548,933 and have sold 17,370 shares worth $1,014,778. 6.00% of the stock is owned by company insiders.

Institutional Trading of Bancorp

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its position in Bancorp by 4.8% in the 3rd quarter. Invesco Ltd. now owns 2,781,772 shares of the bank's stock worth $208,327,000 after purchasing an additional 126,302 shares during the last quarter. Nantahala Capital Management LLC lifted its stake in shares of Bancorp by 25.7% in the fourth quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank's stock valued at $72,360,000 after buying an additional 219,351 shares during the period. Brown Advisory Inc. lifted its stake in shares of Bancorp by 8.5% in the fourth quarter. Brown Advisory Inc. now owns 905,876 shares of the bank's stock valued at $61,165,000 after buying an additional 71,299 shares during the period. Ameriprise Financial Inc. grew its position in Bancorp by 273.2% during the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank's stock worth $46,574,000 after buying an additional 455,265 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Bancorp by 43.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 507,691 shares of the bank's stock valued at $34,279,000 after acquiring an additional 154,539 shares during the period. 96.22% of the stock is owned by institutional investors.

About Bancorp

The Bancorp, Inc NASDAQ: TBBK is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company's product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.

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