Bancorp (NASDAQ:TBBK) Stock Rating Lowered by StockNews.com

Bancorp (NASDAQ:TBBK) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Bancorp Trading Up 1.8 %

Shares of TBBK stock opened at $57.79 on Tuesday. The stock has a market cap of $2.77 billion, a P/E ratio of 14.59 and a beta of 1.48. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $54.66 and a 200 day simple moving average of $47.30. Bancorp has a 1 year low of $29.92 and a 1 year high of $61.17.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). The company had revenue of $125.84 million during the quarter, compared to analyst estimates of $131.34 million. Bancorp had a net margin of 30.97% and a return on equity of 26.63%. During the same period last year, the firm earned $0.92 EPS. On average, research analysts predict that Bancorp will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Matthew Cohn bought 545 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average price of $50.11 per share, for a total transaction of $27,309.95. Following the completion of the transaction, the director now directly owns 56,636 shares of the company’s stock, valued at approximately $2,838,029.96. This represents a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total transaction of $267,997.98. Following the sale, the executive vice president now directly owns 73,114 shares in the company, valued at approximately $3,584,779.42. The trade was a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,983 shares of company stock worth $1,345,366 in the last ninety days. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Bancorp

Large investors have recently bought and sold shares of the company. Nantahala Capital Management LLC acquired a new position in shares of Bancorp during the second quarter worth $12,757,000. Franklin Resources Inc. raised its position in Bancorp by 18.6% during the 3rd quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after purchasing an additional 144,867 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Bancorp during the 3rd quarter worth about $6,100,000. Marshall Wace LLP grew its position in shares of Bancorp by 39.8% in the 2nd quarter. Marshall Wace LLP now owns 337,578 shares of the bank’s stock valued at $12,747,000 after buying an additional 96,072 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Bancorp by 42.3% in the third quarter. Segall Bryant & Hamill LLC now owns 238,120 shares of the bank’s stock valued at $12,739,000 after buying an additional 70,768 shares during the period. 96.22% of the stock is currently owned by institutional investors.

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.