Bancorp (NASDAQ:TBBK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $9.75 price target on the bank’s stock. Zacks Investment Research‘s target price suggests a potential upside of 15.66% from the company’s current price.

According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “

TBBK has been the subject of several other reports. ValuEngine lowered shares of Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. BidaskClub lowered shares of Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Finally, TheStreet upgraded shares of Bancorp from a “c” rating to a “b” rating in a research note on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.25.

NASDAQ:TBBK traded down $0.10 during midday trading on Friday, reaching $8.43. 3,274 shares of the stock traded hands, compared to its average volume of 236,278. Bancorp has a 12 month low of $7.64 and a 12 month high of $12.00. The company has a quick ratio of 0.59, a current ratio of 0.67 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $492.21 million, a P/E ratio of 16.53 and a beta of 1.10.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 25th. The bank reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.90. Bancorp had a net margin of 23.24% and a return on equity of 11.34%. The business had revenue of $121.60 million during the quarter, compared to analyst estimates of $120.75 million. As a group, analysts anticipate that Bancorp will post 0.78 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of Bancorp in the 3rd quarter worth about $231,000. TIAA CREF Investment Management LLC increased its stake in shares of Bancorp by 27.6% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 386,736 shares of the bank’s stock worth $3,709,000 after acquiring an additional 83,609 shares in the last quarter. IndexIQ Advisors LLC grew its position in Bancorp by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 210,486 shares of the bank’s stock valued at $2,019,000 after purchasing an additional 7,952 shares during the last quarter. MetLife Investment Advisors LLC grew its position in Bancorp by 50.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 38,830 shares of the bank’s stock valued at $372,000 after purchasing an additional 13,083 shares during the last quarter. Finally, Putnam Investments LLC grew its position in Bancorp by 5.2% during the 3rd quarter. Putnam Investments LLC now owns 156,687 shares of the bank’s stock valued at $1,503,000 after purchasing an additional 7,687 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

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 retirement accounts.

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