Bancorp (TBBK) Cut to “Sell” at BidaskClub

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Bancorp (NASDAQ:TBBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research cut shares of Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 26th. Finally, TheStreet raised shares of Bancorp from a “c” rating to a “b” rating in a report on Monday, November 26th.

Shares of NASDAQ:TBBK opened at $8.22 on Thursday. Bancorp has a one year low of $7.64 and a one year high of $12.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.59. The stock has a market capitalization of $493.53 million, a PE ratio of 11.91 and a beta of 1.21.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, January 24th. The bank reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Bancorp had a net margin of 29.39% and a return on equity of 10.83%. The business had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $50.19 million. As a group, sell-side analysts predict that Bancorp will post 0.93 EPS for the current year.

Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Bancorp in the fourth quarter valued at about $89,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bancorp in the fourth quarter valued at about $130,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Bancorp by 358.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,734 shares of the bank’s stock worth $133,000 after acquiring an additional 13,083 shares during the period. Globeflex Capital L P increased its stake in shares of Bancorp by 78.8% during the fourth quarter. Globeflex Capital L P now owns 16,986 shares of the bank’s stock worth $135,000 after acquiring an additional 7,486 shares during the period. Finally, United Services Automobile Association increased its stake in shares of Bancorp by 17.0% during the fourth quarter. United Services Automobile Association now owns 17,186 shares of the bank’s stock worth $137,000 after acquiring an additional 2,494 shares during the period. 79.39% of the stock is owned by institutional investors and hedge funds.

Bancorp Company Profile

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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