The Bancorp Inc. (TBBK) Trading 5.3% Higher
Shares of The Bancorp Inc. (NASDAQ:TBBK) traded up 5.3% during trading on Monday . The stock traded as high as $5.68 and last traded at $5.21, with a volume of 149,325 shares changing hands. The stock had previously closed at $4.95.
Several analysts recently commented on the company. Zacks Investment Research cut The Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th. TheStreet upgraded The Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 15th. BTIG Research reiterated a “buy” rating and issued a $10.00 target price on shares of The Bancorp in a report on Monday, July 25th. Finally, Raymond James Financial Inc. upgraded The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Tuesday.
The company’s market cap is $185.06 million. The company’s 50 day moving average is $5.81 and its 200 day moving average is $5.57.
The Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 28th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.24. On average, equities analysts predict that The Bancorp Inc. will post ($0.98) EPS for the current fiscal year.
A hedge fund recently raised its stake in The Bancorp stock. Wells Fargo & Company MN raised its position in shares of The Bancorp Inc. (NASDAQ:TBBK) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,873,983 shares of the company’s stock after buying an additional 154,574 shares during the period. Wells Fargo & Company MN owned 4.96% of The Bancorp worth $11,937,000 at the end of the most recent quarter.
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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