Bancorp (NASDAQ:TBBK) Trading Down 4.8%

The Bancorp, Inc. (NASDAQ:TBBK)’s share price traded down 4.8% during mid-day trading on Friday . The stock traded as low as $31.37 and last traded at $31.79. 467,414 shares were traded during trading, a decline of 26% from the average session volume of 630,146 shares. The stock had previously closed at $33.41.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th. Raymond James increased their price objective on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a report on Friday, April 19th.

Bancorp Price Performance

The company’s fifty day moving average is $36.28 and its 200 day moving average is $37.98. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.61 billion, a PE ratio of 8.91 and a beta of 1.45.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 EPS for the quarter, meeting the consensus estimate of $0.95. Bancorp had a net margin of 30.94% and a return on equity of 26.16%. The firm had revenue of $119.15 million for the quarter, compared to analyst estimates of $118.52 million. As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 4.42 earnings per share for the current fiscal year.

Insider Activity at Bancorp

In other news, Director Matthew Cohn acquired 2,485 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the purchase, the director now directly owns 157,627 shares of the company’s stock, valued at approximately $5,392,419.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Stephanie B. Mudick acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the purchase, the director now directly owns 31,584 shares of the company’s stock, valued at approximately $1,172,082.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew Cohn purchased 2,485 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $34.21 per share, with a total value of $85,011.85. Following the transaction, the director now directly owns 157,627 shares of the company’s stock, valued at approximately $5,392,419.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 7,800 shares of company stock worth $308,838. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Epoch Investment Partners Inc. raised its stake in shares of Bancorp by 80.7% during the third quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock valued at $25,032,000 after purchasing an additional 323,986 shares in the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Bancorp during the fourth quarter valued at about $7,184,000. Principal Financial Group Inc. raised its stake in shares of Bancorp by 21.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock valued at $39,984,000 after purchasing an additional 184,647 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Bancorp by 21.9% during the third quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock valued at $33,824,000 after purchasing an additional 175,854 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Bancorp by 3.3% during the third quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after purchasing an additional 157,987 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Bancorp

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.