Bancorp’s (TBBK) “Outperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their outperform rating on shares of Bancorp (NASDAQ:TBBK) in a report issued on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a $79.00 price objective on the bank’s stock, up from their previous price objective of $77.00.

Other equities analysts have also recently issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Bancorp in a research note on Monday. Weiss Ratings raised shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $82.00 target price on shares of Bancorp in a report on Friday, July 31st. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Bank of America reaffirmed a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Bancorp has a consensus rating of “Moderate Buy” and an average price target of $70.17.

Bancorp Price Performance

Shares of Bancorp stock opened at $71.74 on Monday. The firm has a market capitalization of $2.99 billion, a PE ratio of 13.48 and a beta of 1.19. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. Bancorp has a 12 month low of $50.20 and a 12 month high of $81.65. The business’s 50-day moving average price is $62.07 and its 200-day moving average price is $59.35.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.09. Bancorp had a return on equity of 32.32% and a net margin of 32.91%.The business had revenue of $137.74 million during the quarter, compared to analyst estimates of $166.69 million. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Sell-side analysts forecast that Bancorp will post 6.02 EPS for the current fiscal year.

Institutional Trading of Bancorp

Several large investors have recently bought and sold shares of TBBK. Hilton Head Capital Partners LLC bought a new position in shares of Bancorp in the 4th quarter worth approximately $27,000. Lazard Asset Management LLC bought a new stake in shares of Bancorp during the second quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. grew its stake in Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after purchasing an additional 659 shares during the period. Kestra Advisory Services LLC bought a new position in Bancorp in the fourth quarter worth $68,000. Finally, Covestor Ltd lifted its position in Bancorp by 99.9% during the fourth quarter. Covestor Ltd now owns 2,029 shares of the bank’s stock valued at $137,000 after buying an additional 1,014 shares during the period. 96.22% of the stock is owned by institutional investors.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.