Bancorp Inc (TBBK) Receives $12.00 Average Price Target from Brokerages
Bancorp Inc (NASDAQ:TBBK) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.00.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. BidaskClub cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. ValuEngine cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, TheStreet cut shares of Bancorp from a “b” rating to a “c” rating in a research note on Thursday, August 30th.
In other Bancorp news, Director Daniel G. Cohen sold 140,000 shares of Bancorp stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $9.83, for a total transaction of $1,376,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel G. Cohen sold 25,000 shares of Bancorp stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $9.63, for a total transaction of $240,750.00. The disclosure for this sale can be found here. Insiders own 11.10% of the company’s stock.
TBBK stock opened at $9.05 on Wednesday. The company has a market capitalization of $541.32 million, a P/E ratio of 17.75 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. Bancorp has a 52 week low of $8.15 and a 52 week high of $12.00.
Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, July 26th. The bank reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $46.57 million during the quarter, compared to analyst estimates of $47.51 million. Bancorp had a return on equity of 9.81% and a net margin of 6.61%. As a group, equities research analysts forecast that Bancorp will post 0.73 EPS for the current fiscal year.
Bancorp Company Profile
The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and debit cards.
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