Several analysts have recently updated their ratings and price targets for The Bancorp (NASDAQ: TBBK):

  • 8/3/2017 – The Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/2/2017 – The Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “
  • 7/31/2017 – The Bancorp was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating.
  • 7/31/2017 – The Bancorp was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating.
  • 7/19/2017 – The Bancorp was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – The Bancorp had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $6.50 price target on the stock.
  • 7/4/2017 – The Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “
  • 6/29/2017 – The Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “
  • 6/28/2017 – The Bancorp was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/27/2017 – The Bancorp was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating.
  • 6/27/2017 – The Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing. “

The Bancorp, Inc. (TBBK) opened at 7.96 on Tuesday. The firm’s market cap is $443.83 million. The Bancorp, Inc. has a 52 week low of $4.41 and a 52 week high of $8.20. The company’s 50 day moving average is $7.47 and its 200-day moving average is $6.11.

The Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 27th. The bank reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $45.39 million during the quarter, compared to analyst estimates of $42.40 million. The Bancorp had a negative net margin of 50.29% and a negative return on equity of 4.32%. Equities analysts expect that The Bancorp, Inc. will post $0.48 earnings per share for the current year.

In related news, EVP Mark Leo Connolly acquired 40,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was bought at an average cost of $6.57 per share, with a total value of $262,800.00. Following the acquisition, the executive vice president now directly owns 44,762 shares in the company, valued at $294,086.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter T. Beach sold 41,360 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $6.19, for a total transaction of $256,018.40. Following the transaction, the director now directly owns 296,829 shares of the company’s stock, valued at $1,837,371.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 104,498 shares of company stock valued at $687,987 and have sold 286,973 shares valued at $1,935,818. 12.40% of the stock is currently owned by company insiders.

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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