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 note issued to investors on Tuesday.

Bancorp Stock Performance

Shares of TBBK stock opened at $56.75 on Tuesday. 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 firm has a fifty day simple moving average of $54.53 and a two-hundred day simple moving average of $47.23. Bancorp has a 12 month low of $29.92 and a 12 month high of $61.17. The firm has a market capitalization of $2.72 billion, a PE ratio of 14.33 and a beta of 1.48.

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

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 11,357 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.08, for a total value of $568,758.56. Following the transaction, the chief marketing officer now owns 23,291 shares in the company, valued at $1,166,413.28. The trade was a 32.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas G. Pareigat sold 5,466 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the transaction, the executive vice president now directly owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. This represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,983 shares of company stock valued at $1,345,366 over the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC purchased a new stake in shares of Bancorp during the 2nd quarter valued at $12,757,000. Franklin Resources Inc. increased its holdings in Bancorp by 18.6% during the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after buying an additional 144,867 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in Bancorp in the third quarter worth about $6,100,000. Marshall Wace LLP raised its position in Bancorp by 39.8% in the second quarter. Marshall Wace LLP now owns 337,578 shares of the bank’s stock worth $12,747,000 after acquiring an additional 96,072 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in 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 acquiring an additional 70,768 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

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.