The Bancorp Inc. (TBBK) Stock Price Up 5.7%
Shares of The Bancorp Inc. (NASDAQ:TBBK) rose 5.7% during trading on Wednesday . The stock traded as high as $6.13 and last traded at $6.08, with a volume of 57,188 shares trading hands. The stock had previously closed at $5.75.
TBBK has been the subject of several research reports. TheStreet upgraded shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 15th. BTIG Research restated a “buy” rating and set a $10.00 price objective on shares of The Bancorp in a research note on Monday. Finally, Zacks Investment Research upgraded shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th.
The firm’s 50-day moving average is $6.19 and its 200-day moving average is $5.56. The stock has a market capitalization of $230.10 million and a PE ratio of 99.67.
A hedge fund recently raised its stake in The Bancorp stock. Dimensional Fund Advisors LP boosted its position in The Bancorp Inc. (NASDAQ:TBBK) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,867,731 shares of the company’s stock after buying an additional 24,615 shares during the period. Dimensional Fund Advisors LP owned approximately 4.95% of The Bancorp worth $11,898,000 at the end of the most recent reporting period.
The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate.
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