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

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

Bancorp Price Performance

Shares of TBBK opened at $56.75 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.72 billion, a PE ratio of 14.33 and a beta of 1.48. Bancorp has a 12-month low of $29.92 and a 12-month high of $61.17. The business has a 50-day simple moving average of $54.53 and a two-hundred day simple moving average of $47.23.

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

Insider Activity at Bancorp

In related news, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total value of $508,609.60. Following the sale, the executive vice president now directly owns 74,798 shares in the company, valued at $3,744,387.88. This represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Maria Wainwright sold 11,357 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.56. Following the sale, the chief marketing officer now directly owns 23,291 shares of the company’s stock, valued at $1,166,413.28. This represents a 32.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,983 shares of company stock worth $1,345,366 over the last three months. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Bancorp

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Bancorp by 60.5% in the second quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock valued at $29,000 after buying an additional 291 shares during the period. Blue Trust Inc. lifted its stake in shares of Bancorp by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after purchasing an additional 263 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Bancorp during the 3rd quarter valued at about $54,000. EverSource Wealth Advisors LLC grew its stake in Bancorp by 345.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank’s stock worth $55,000 after purchasing an additional 1,272 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after purchasing an additional 741 shares in the last quarter. 96.22% of the stock is owned by institutional investors.

Bancorp Company Profile

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.