Bancorp (NASDAQ:TBBK) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, BidAskClub reports.

TBBK has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill raised shares of Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, ValuEngine cut shares of Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.00.

Shares of TBBK stock traded up $0.31 on Thursday, reaching $5.72. 31,063 shares of the stock were exchanged, compared to its average volume of 607,231. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average price is $10.45 and its 200 day moving average price is $11.04. The company has a market capitalization of $278.97 million, a price-to-earnings ratio of 6.30 and a beta of 1.08. Bancorp has a twelve month low of $3.36 and a twelve month high of $13.73.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 30th. The bank reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The firm had revenue of $55.68 million for the quarter, compared to analyst estimates of $57.55 million. Bancorp had a return on equity of 13.07% and a net margin of 18.17%. Equities research analysts forecast that Bancorp will post 1.2 earnings per share for the current year.

In related news, Director Daniela Mielke purchased 8,000 shares of Bancorp stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $12.69 per share, with a total value of $101,520.00. 11.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in Bancorp by 128.5% during the fourth quarter. Barclays PLC now owns 59,119 shares of the bank’s stock worth $766,000 after purchasing an additional 33,245 shares in the last quarter. California State Teachers Retirement System raised its holdings in Bancorp by 1.4% during the third quarter. California State Teachers Retirement System now owns 78,256 shares of the bank’s stock worth $775,000 after purchasing an additional 1,068 shares in the last quarter. State Street Corp raised its holdings in Bancorp by 1.2% during the third quarter. State Street Corp now owns 1,162,658 shares of the bank’s stock worth $11,510,000 after purchasing an additional 14,142 shares in the last quarter. California Public Employees Retirement System raised its holdings in Bancorp by 17.5% during the third quarter. California Public Employees Retirement System now owns 78,384 shares of the bank’s stock worth $776,000 after purchasing an additional 11,677 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Bancorp by 6.2% during the third quarter. Russell Investments Group Ltd. now owns 88,316 shares of the bank’s stock worth $875,000 after purchasing an additional 5,168 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

About Bancorp

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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