Bancorp (NASDAQ:TBBK) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Bancorp (NASDAQ:TBBK) had its price target raised by Keefe, Bruyette & Woods from $66.00 to $72.00 in a research report report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the bank’s stock.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th. Raymond James restated an “outperform” rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a report on Monday. Finally, Piper Sandler raised their price target on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd.

Bancorp Stock Performance

Shares of TBBK opened at $62.75 on Monday. Bancorp has a one year low of $29.92 and a one year high of $64.53. The company has a 50-day moving average of $55.33 and a two-hundred day moving average of $53.15. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 14.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86.

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

Hedge Funds Weigh In On Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Bancorp by 72.3% during the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after acquiring an additional 263 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after acquiring an additional 489 shares in the last quarter. R Squared Ltd bought a new position in Bancorp during the fourth quarter valued at approximately $45,000. Point72 DIFC Ltd bought a new position in Bancorp during the third quarter valued at approximately $54,000. Finally, GAMMA Investing LLC raised its position in shares of Bancorp by 42.4% in the third quarter. GAMMA Investing LLC now owns 1,099 shares of the bank’s stock valued at $59,000 after purchasing an additional 327 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.