The Bancorp Inc. (NASDAQ:TBBK)’s share price dropped 4.6% during trading on Wednesday . The stock traded as low as $6.05 and last traded at $6.07, with a volume of 68,516 shares trading hands. The stock had previously closed at $6.36.

TBBK has been the subject of several research reports. Zacks Investment Research upgraded The Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 6th. TheStreet upgraded The Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, April 15th.

The firm’s 50 day moving average is $6.40 and its 200 day moving average is $5.57. The company has a market capitalization of $229.72 million and a P/E ratio of 99.51.

The Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, April 28th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.09. The business earned $20.60 million during the quarter, compared to analysts’ expectations of $20.32 million. Equities analysts expect that The Bancorp Inc. will post ($0.39) EPS for the current year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in The Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,867,731 shares of the company’s stock worth $11,898,000 after buying an additional 24,615 shares during the period. Heartland Advisors Inc. increased its position in The Bancorp by 30.0% in the fourth quarter. Heartland Advisors Inc. now owns 650,000 shares of the company’s stock worth $4,141,000 after buying an additional 150,000 shares during the period. Finally, Wells Fargo & Company MN increased its position in The Bancorp by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,873,983 shares of the company’s stock worth $11,937,000 after buying an additional 154,574 shares during the period.

The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank), a chartered commercial bank located in Wilmington, Delaware. The Company operates through four business segments: specialty finance, payments, corporate and discontinued operations. The specialty finance segment includes commercial mortgage loan sales, small business administration loans, leasing and security backed lines of credit and deposits generated by those business lines.

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