BidaskClub upgraded shares of Bancorp (NASDAQ:TBBK) from a hold rating to a buy rating in a research note released on Friday.

A number of other analysts have also weighed in on TBBK. Zacks Investment Research upgraded shares of Bancorp from a hold rating to a buy rating and set a $9.50 target price on the stock in a research report on Wednesday, November 1st. Piper Jaffray Companies restated a hold rating and issued a $9.00 target price on shares of Bancorp in a research report on Friday, November 10th. Sandler O’Neill restated a hold rating and issued a $11.00 target price on shares of Bancorp in a research report on Friday, January 12th. Finally, Raymond James Financial upgraded shares of Bancorp from an outperform rating to a strong-buy rating and raised their target price for the company from $11.00 to $13.00 in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $10.40.

Shares of Bancorp (NASDAQ TBBK) traded up $0.16 during trading on Friday, reaching $10.41. 736,040 shares of the company’s stock were exchanged, compared to its average volume of 377,669. Bancorp has a 1 year low of $4.41 and a 1 year high of $11.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.60 and a quick ratio of 0.50. The firm has a market capitalization of $572.56, a price-to-earnings ratio of 26.69 and a beta of 1.23.

In other Bancorp news, Director Daniel G. Cohen sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $9.53, for a total value of $2,382,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John C. Chrystal sold 62,285 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $9.65, for a total transaction of $601,050.25. The disclosure for this sale can be found here. Company insiders own 12.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in shares of Bancorp by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 22,000 shares of the bank’s stock valued at $167,000 after acquiring an additional 117 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Bancorp by 2.1% during the second quarter. Nationwide Fund Advisors now owns 40,031 shares of the bank’s stock valued at $303,000 after acquiring an additional 805 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Bancorp by 20.4% during the second quarter. Voya Investment Management LLC now owns 24,779 shares of the bank’s stock valued at $188,000 after acquiring an additional 4,203 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Bancorp by 2.4% during the second quarter. California Public Employees Retirement System now owns 194,300 shares of the bank’s stock valued at $1,473,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Bancorp by 6.5% during the second quarter. Teachers Advisors LLC now owns 111,635 shares of the bank’s stock valued at $846,000 after acquiring an additional 6,768 shares during the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

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Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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