Shares of Bancorp Inc (NASDAQ:TBBK) have been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.00.

TBBK has been the topic of several research analyst reports. BidaskClub upgraded shares of Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. TheStreet downgraded shares of Bancorp from a “b-” rating to a “c” rating in a research report on Friday, April 17th. Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, June 16th. ValuEngine downgraded shares of Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, Piper Sandler lowered their price objective on shares of Bancorp from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th.

In other news, Director Matthew Cohn bought 20,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $7.16 per share, with a total value of $143,200.00. Following the completion of the acquisition, the director now directly owns 101,163 shares in the company, valued at $724,327.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel G. Cohen sold 60,000 shares of Bancorp stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $8.96, for a total transaction of $537,600.00. Following the completion of the sale, the director now directly owns 138,429 shares in the company, valued at approximately $1,240,323.84. The disclosure for this sale can be found here. 10.90% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. Advisor Group Holdings Inc. acquired a new stake in shares of Bancorp in the first quarter valued at about $38,000. Great West Life Assurance Co. Can acquired a new stake in shares of Bancorp in the fourth quarter valued at about $43,000. First Mercantile Trust Co. acquired a new stake in shares of Bancorp in the first quarter valued at about $52,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Bancorp in the fourth quarter valued at about $68,000. Finally, Rothschild Investment Corp IL acquired a new stake in shares of Bancorp in the first quarter valued at about $69,000. 79.85% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:TBBK traded down $0.04 during midday trading on Friday, hitting $9.13. 364,163 shares of the company were exchanged, compared to its average volume of 462,639. The company has a fifty day simple moving average of $8.55 and a 200 day simple moving average of $9.51. Bancorp has a fifty-two week low of $3.36 and a fifty-two week high of $13.73. The company has a current ratio of 0.79, a quick ratio of 0.44 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $525.48 million, a PE ratio of 11.27 and a beta of 1.62.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, April 30th. The bank reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Bancorp had a net margin of 16.64% and a return on equity of 11.76%. The firm had revenue of $59.51 million for the quarter, compared to analyst estimates of $62.16 million. As a group, equities research analysts expect that Bancorp will post 1.17 EPS for the current 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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

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