Bancorp (NASDAQ:TBBK) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. TheStreet downgraded Bancorp from a “b” rating to a “c” rating in a research report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Bancorp presently has an average rating of “Hold” and a consensus price target of $11.25.

Shares of TBBK opened at $10.08 on Thursday. The firm has a market capitalization of $564.46 million, a P/E ratio of 19.75 and a beta of 1.22. Bancorp has a 52-week low of $7.60 and a 52-week high of $12.00. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 0.17.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $46.57 million during the quarter, compared to the consensus estimate of $47.51 million. Bancorp had a return on equity of 9.81% and a net margin of 6.61%. sell-side analysts anticipate that Bancorp will post 0.73 earnings per share for the current fiscal year.

In related news, Director Daniel G. Cohen sold 25,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $9.63, for a total value of $240,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel G. Cohen sold 140,000 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $9.83, for a total value of $1,376,200.00. The disclosure for this sale can be found here. 11.10% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in Bancorp by 118.3% in the first quarter. American Century Companies Inc. now owns 545,763 shares of the bank’s stock worth $5,894,000 after purchasing an additional 295,786 shares during the period. IndexIQ Advisors LLC increased its stake in Bancorp by 9.3% in the second quarter. IndexIQ Advisors LLC now owns 202,534 shares of the bank’s stock worth $2,119,000 after purchasing an additional 17,182 shares during the period. Wells Fargo & Company MN increased its stake in Bancorp by 6.4% in the first quarter. Wells Fargo & Company MN now owns 1,507,709 shares of the bank’s stock worth $16,283,000 after purchasing an additional 90,701 shares during the period. Piermont Capital Management Inc. purchased a new stake in Bancorp in the first quarter worth $1,693,000. Finally, Prudential Financial Inc. increased its stake in Bancorp by 9.2% in the first quarter. Prudential Financial Inc. now owns 395,962 shares of the bank’s stock worth $4,276,000 after purchasing an additional 33,432 shares during the period. Institutional investors and hedge funds own 79.79% of the company’s stock.

About Bancorp

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and debit cards.

Recommended Story: The Role of a Fiduciary and Individual Investors

Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.