Bancorp (NASDAQ:TBBK) was upgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

Other equities analysts have also issued reports about the company. BidaskClub cut Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Zacks Investment Research upgraded shares of Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, November 2nd. Finally, ValuEngine cut shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Bancorp has an average rating of “Hold” and a consensus target price of $12.00.

Shares of NASDAQ:TBBK opened at $11.11 on Tuesday. Bancorp has a 52-week low of $7.64 and a 52-week high of $11.76. The firm has a fifty day moving average of $10.83 and a 200 day moving average of $9.77. The firm has a market capitalization of $631.14 million, a PE ratio of 16.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.61 and a current ratio of 0.72.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.11. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. The firm had revenue of $71.08 million during the quarter, compared to analyst estimates of $63.76 million. On average, sell-side analysts forecast that Bancorp will post 1.09 EPS for the current fiscal year.

In other news, Director Daniel G. Cohen sold 54,686 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $10.73, for a total value of $586,780.78. Also, Director Matthew Cohn bought 10,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price of $11.00 per share, with a total value of $110,000.00. In the last ninety days, insiders have bought 13,000 shares of company stock worth $143,410 and have sold 104,340 shares worth $1,858,113. Insiders own 11.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of TBBK. Panagora Asset Management Inc. boosted its stake in Bancorp by 3,288.5% during the second quarter. Panagora Asset Management Inc. now owns 10,945 shares of the bank’s stock worth $98,000 after acquiring an additional 10,622 shares in the last quarter. Patriot Financial Partners GP LP bought a new stake in Bancorp in the third quarter worth $109,000. BerganKDV Wealth Management LLC increased its holdings in shares of Bancorp by 21.8% during the second quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after acquiring an additional 2,090 shares in the last quarter. Capital Investment Counsel Inc increased its holdings in shares of Bancorp by 23.8% during the second quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after acquiring an additional 2,381 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Bancorp by 24.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock valued at $139,000 after acquiring an additional 3,080 shares in the last quarter. 78.87% of the stock is currently owned by institutional investors.

Bancorp Company Profile

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

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