StockNews.com started coverage on shares of Bancorp (NASDAQ:TBBK – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the bank’s stock.
Separately, Raymond James initiated coverage on shares of Bancorp in a report on Monday, January 30th. They set an outperform rating and a $38.00 price objective for the company.
Bancorp Price Performance
NASDAQ:TBBK opened at $29.92 on Thursday. The company has a 50-day moving average of $32.71 and a 200-day moving average of $28.78. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 13.12 and a beta of 1.49. Bancorp has a 52 week low of $16.59 and a 52 week high of $37.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.99.
Insider Transactions at Bancorp
Hedge Funds Weigh In On Bancorp
Several institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its position in Bancorp by 325.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,222 shares of the bank’s stock valued at $35,000 after acquiring an additional 935 shares in the last quarter. Federated Hermes Inc. increased its position in Bancorp by 28.1% in the 3rd quarter. Federated Hermes Inc. now owns 2,279 shares of the bank’s stock valued at $50,000 after acquiring an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Bancorp in the 4th quarter valued at about $56,000. Emerald Advisers LLC acquired a new stake in Bancorp in the 4th quarter valued at about $57,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Bancorp in the 2nd quarter valued at about $63,000. 90.02% of the stock is owned by institutional investors.
Bancorp Company Profile
The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance segment consists of commercial mortgage loan sales and securitizations, small business administration loans, direct lease financing, and security and insurance backed lines of credit and deposits generated by business lines.
- Get a free copy of the StockNews.com research report on Bancorp (TBBK)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
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.