ValuEngine Lowers Bancorp (TBBK) to Sell

ValuEngine downgraded shares of Bancorp (NASDAQ:TBBK) from a hold rating to a sell rating in a research report released on Tuesday.

A number of other analysts have also issued reports on the company. Zacks Investment Research raised Bancorp from a hold rating to a strong-buy rating and set a $11.00 target price on the stock in a research report on Wednesday, October 31st. BidaskClub raised Bancorp from a sell rating to a hold rating in a research report on Tuesday, October 30th. Finally, TheStreet lowered Bancorp from a b rating to a c rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $11.00.

NASDAQ:TBBK traded down $0.14 during mid-day trading on Tuesday, hitting $10.55. The company had a trading volume of 1,207 shares, compared to its average volume of 187,176. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.51. Bancorp has a 1 year low of $8.52 and a 1 year high of $12.00. The firm has a market capitalization of $589.30 million, a PE ratio of 20.69 and a beta of 0.98.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 25th. The bank reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.31). Bancorp had a net margin of 6.61% and a return on equity of 11.88%. The company had revenue of $121.60 million during the quarter, compared to analysts’ expectations of $120.75 million. Equities analysts anticipate that Bancorp will post 0.78 EPS for the current year.

In other news, Director Daniel G. Cohen sold 25,000 shares of Bancorp stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $9.63, for a total transaction of $240,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.10% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in TBBK. Cubist Systematic Strategies LLC bought a new stake in Bancorp in the first quarter valued at about $120,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bancorp in the second quarter valued at about $124,000. Zeke Capital Advisors LLC bought a new stake in Bancorp in the third quarter valued at about $143,000. Bank of Montreal Can increased its holdings in Bancorp by 427.8% in the second quarter. Bank of Montreal Can now owns 14,784 shares of the bank’s stock valued at $154,000 after buying an additional 11,983 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Bancorp in the second quarter valued at about $168,000. 80.06% of the stock is owned by hedge funds and other institutional investors.

About Bancorp

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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