The Bancorp Inc. (TBBK) Trading 9.1% Higher
The Bancorp Inc. (NASDAQ:TBBK) shares traded up 9.1% on Friday . The company traded as high as $6.09 and last traded at $6.09, with a volume of 80,961 shares traded. The stock had previously closed at $5.58.
A number of research analysts have weighed in on the company. TheStreet upgraded The Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 15th. Zacks Investment Research upgraded The Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday.
The company has a market cap of $230.48 million and a P/E ratio of 99.84. The firm has a 50 day moving average of $6.39 and a 200-day moving average of $5.58.
The Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.09. The business had revenue of $20.60 million for the quarter, compared to analyst estimates of $20.32 million. Analysts forecast that The Bancorp Inc. will post ($0.39) earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. increased its stake in shares of The Bancorp by 30.0% in the fourth quarter. Heartland Advisors Inc. now owns 650,000 shares of the company’s stock valued at $4,141,000 after buying an additional 150,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of The Bancorp by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,873,983 shares of the company’s stock valued at $11,937,000 after buying an additional 154,574 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of The Bancorp by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,867,731 shares of the company’s stock valued at $11,898,000 after buying an additional 24,615 shares during the last quarter.
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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