Keefe, Bruyette & Woods Increases Bancorp (NASDAQ:TBBK) Price Target to $72.00

Bancorp (NASDAQ:TBBK) had its price objective upped by Keefe, Bruyette & Woods from $66.00 to $72.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 15.50% from the company’s current price.

TBBK has been the subject of several other research reports. Raymond James restated an “outperform” rating and issued a $67.00 target price (up previously from $60.00) on shares of Bancorp in a report on Monday. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Finally, Piper Sandler upped their target price on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd.

Bancorp Stock Up 2.0 %

Shares of NASDAQ:TBBK opened at $62.34 on Monday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 14.50 and a beta of 1.49. Bancorp has a 12 month low of $29.92 and a 12 month high of $64.53. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $55.25 and a 200 day moving average price of $53.08.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. As a group, equities research analysts predict that Bancorp will post 5.25 earnings per share for the current year.

Institutional Investors Weigh In On Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its position in shares of Bancorp by 72.3% during the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock worth $34,000 after acquiring an additional 263 shares during the period. R Squared Ltd purchased a new position in Bancorp during the 4th quarter worth $45,000. Point72 DIFC Ltd purchased a new position in Bancorp during the 3rd quarter worth $54,000. GAMMA Investing LLC raised its position in Bancorp by 42.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,099 shares of the bank’s stock valued at $59,000 after purchasing an additional 327 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Bancorp by 114.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after buying an additional 741 shares during the period. Institutional investors own 96.22% of the company’s stock.

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.