Bancorp (NASDAQ:TBBK) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of Bancorp (NASDAQ:TBBK) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Bancorp Trading Down 0.7 %

NASDAQ:TBBK opened at $51.96 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.49 billion, a PE ratio of 13.12 and a beta of 1.48. The stock’s 50 day moving average price is $55.28 and its 200 day moving average price is $48.92. Bancorp has a 52-week low of $29.92 and a 52-week high of $61.17.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a net margin of 30.97% and a return on equity of 26.63%. The business had revenue of $125.84 million during the quarter, compared to analyst estimates of $131.34 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, research analysts anticipate that Bancorp will post 4.3 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Matthew J. Wallace sold 10,160 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total value of $508,609.60. Following the completion of the sale, the executive vice president now owns 74,798 shares in the company, valued at $3,744,387.88. This trade represents a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Maria Wainwright sold 11,357 shares of Bancorp stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total value of $568,758.56. Following the completion of the sale, the chief marketing officer now directly owns 23,291 shares in the company, valued at $1,166,413.28. This represents a 32.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,983 shares of company stock valued at $1,345,366. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in Bancorp by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 27,959 shares of the bank’s stock valued at $1,056,000 after acquiring an additional 234 shares during the period. Blue Trust Inc. lifted its stake in shares of Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after purchasing an additional 263 shares during the period. GAMMA Investing LLC boosted its holdings in Bancorp by 42.4% during the third quarter. GAMMA Investing LLC now owns 1,099 shares of the bank’s stock worth $59,000 after buying an additional 327 shares in the last quarter. Legend Financial Advisors Inc. grew its position in Bancorp by 2.1% during the second quarter. Legend Financial Advisors Inc. now owns 18,200 shares of the bank’s stock worth $687,000 after buying an additional 380 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in Bancorp by 1.6% in the second quarter. Los Angeles Capital Management LLC now owns 30,632 shares of the bank’s stock valued at $1,157,000 after buying an additional 492 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.