The Bancorp Inc. (TBBK) Trading Up 5.3%
Shares of The Bancorp Inc. (NASDAQ:TBBK) were up 5.3% on Monday . The company traded as high as $5.68 and last traded at $5.21, with a volume of 149,325 shares. The stock had previously closed at $4.95.
A number of analysts recently weighed in on TBBK shares. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of The Bancorp in a research note on Monday, July 25th. Zacks Investment Research raised shares of The Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, TheStreet raised shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, April 15th.
The company’s 50 day moving average is $5.90 and its 200-day moving average is $5.56. The stock’s market capitalization is $191.12 million.
The Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.24. On average, equities research analysts predict that The Bancorp Inc. will post ($0.40) EPS for the current year.
An institutional investor recently raised its position in The Bancorp stock. Wells Fargo & Company MN increased its position in The Bancorp Inc. (NASDAQ:TBBK) by 9.0% during the fourth quarter, according to its most recent Form 13F 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 as of its most recent filing with the SEC.
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.