The Bancorp Inc. (TBBK) Trading 9.1% Higher
Shares of The Bancorp Inc. (NASDAQ:TBBK) traded up 9.1% during mid-day trading on Friday . The company traded as high as $6.09 and last traded at $6.09, with a volume of 80,961 shares. The stock had previously closed at $5.58.
A number of analysts recently issued reports on the stock. TheStreet raised shares of The Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 15th. Zacks Investment Research raised shares of The Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th.
The stock’s 50-day moving average is $6.39 and its 200-day moving average is $5.58. The company has a market cap of $230.48 million and a price-to-earnings ratio of 99.84.
The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.20) by $0.09. The firm had revenue of $20.60 million for the quarter, compared to analyst estimates of $20.32 million. On average, analysts predict that The Bancorp Inc. will post ($0.39) EPS for the current year.
Other hedge funds recently modified their holdings of 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 in 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 in 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 in 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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