Bancorp (NASDAQ:TBBK) Downgraded by StockNews.com

In a report published on Tuesday morning, the research team changed the rating from hold to sell.

TBBK has also been the subject of research by other analysts. Keefe, Bruyette & Woods lowered their Bancorp target price from $43.00 down to $40.00 and gave the stock an outperform ranking in a report published on Thursday, 6th April. Piper Sandler lowered their price target on Bancorp shares from $43.00 down to $39.00. This was revealed in a report published on Thursday, 6th April. Raymond James began covering Bancorp shares in a report published on Monday, January 30, 2018. The company was given an outperform ranking and a target price of $38.00. Three analysts have given the stock a buy recommendation, while one analyst gave it a sell recommendation. The opening price on Tuesday was $28.49. The company's market cap is $1.58 billion. It has a P/E of 10.71, and a beta value of 1.46. The company has a moving average for 50 days of $29.02, and a moving average for two hundred days of $30.06. Bancorp's 52-week low is $16.59, and its 52-week high is $37.58. The company's quick ratio is 0.92, its current ratio is 0.99, and it has a debt to equity ratio of 0.17%.

Insider Buying & Selling

Other Bancorp news: EVP Olek Derowe has sold 6,669 of the company's shares in a deal dated February 14th. The shares were purchased at an average of $35.10 for a transaction totaling $234,081.90. The executive vice president owns approximately 2,939,589.90 worth of stock after the transaction. EVP Olek derowe, who is also a business owner, sold 6,669 of the company's shares in a deal that took place on February 14th. The shares were sold for an average price $35.10 and had a value of $234.081.90. The executive vice president owns directly 83,749 company shares, worth approximately $2,939 589.90. Daniela Mielke, the director of the company, also purchased 2,300 shares in a deal on Monday, 13th March. Stock was purchased at a price of $27.14 on average per share for a total of $62,422.00. After the transaction, the Director now owns 20,830 of the Company's Stock, valued at $565,326.20. In the past 90 days, insiders have purchased 4,050 company shares valued at $121,530. Insiders own 4.30%.

Institutional Trading of Bancorp

Recently, institutional investors and hedge fund managers have bought and sold the stock. Advisor Group Holdings Inc. increased its holdings of Bancorp shares by 325.8% during the first quarter. Advisor Group Holdings Inc. owns 1,222 of the bank’s shares valued at $35,000. This is after buying an additional 935 in the previous quarter. JPMorgan Chase & Co. increased its holdings in Bancorp during the first quarter by 121.4%. JPMorgan Chase & Co. owns 77 368 shares worth $2 192,000, after acquiring 42 423 additional shares. Raymond James & Associates increased their holdings of Bancorp shares by 15.8% during the first quarter. Raymond James & Associates owns now 19,287 shares valued at $546,000 of the bank stock after buying an additional 2,638 during the period. Bank of New York Mellon Corp grew its Bancorp holdings by 2.3% during the first quarter. Bank of New York Mellon Corp owns 542,380 shares of Bancorp's stock worth $15,366,000. This is after buying an additional 12,020 during the period. US Bancorp DE also acquired shares of Bancorp in the first quarter, worth about $87,000. Institutional investors and hedge fund own 90.02% the stock of Bancorp.

Bancorp Company Profile

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The Bancorp, Inc is a financial holding firm. Through the Bank, the firm provides private label banking services and financial products. The company operates in three segments: Specialty Finance Payments, and Corporate. Specialty Finance is made up of commercial mortgage loans and securitizations. Small business administration loans and direct lease financing are also included.

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