Bancorp Inc (NASDAQ:TBBK) Stock Price Up as Sentiment Worsens

April 17, 2018 - By Kristen Paramore

The Bancorp, Inc. (NASDAQ:TBBK) Logo

Sentiment for Bancorp Inc (NASDAQ:TBBK)

Bancorp Inc (NASDAQ:TBBK) institutional sentiment decreased to 1.11 in Q4 2017. Its down -0.86, from 1.97 in 2017Q3. The ratio fall, as 51 investment professionals opened new or increased holdings, while 46 reduced and sold stock positions in Bancorp Inc. The investment professionals in our partner’s database now possess: 44.05 million shares, up from 40.40 million shares in 2017Q3. Also, the number of investment professionals holding Bancorp Inc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 11 Reduced: 35 Increased: 34 New Position: 17.

The Bancorp, Inc. operates as the financial holding firm for The Bancorp Bank that provides banking services and products to individuals, and small and mid-size businesses in the United States. The company has market cap of $600.85 million. The firm offers a range of deposit services and products, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and payroll cards. It has a 27.62 P/E ratio. It also provides securities backed lines of credit, automobile fleet and other equipment leasing, small business administration loans, and loans generated for sale into capital markets primarily through commercial mortgage backed securities and collateralized loan obligations.

The stock increased 0.85% or $0.09 during the last trading session, reaching $10.69. About 49,346 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since April 17, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Analysts await The Bancorp, Inc. (NASDAQ:TBBK) to report earnings on April, 26. They expect $0.20 earnings per share, up 81.82 % or $0.09 from last year’s $0.11 per share. TBBK’s profit will be $11.24M for 13.36 P/E if the $0.20 EPS becomes a reality. After $0.10 actual earnings per share reported by The Bancorp, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Second Curve Capital Llc holds 12.07% of its portfolio in The Bancorp, Inc. for 3.10 million shares. Signia Capital Management Llc owns 494,608 shares or 5.19% of their US portfolio. Moreover, Beach Investment Management Llc. has 1.72% invested in the company for 113,813 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.66% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 1.69 million shares.#img1#

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $52,974 activity.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Coverage

Ratings analysis reveals 33% of Bancorp Inc’s analysts are positive. Out of 3 Wall Street analysts rating Bancorp Inc, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.0 while the high is $13.0. The stock’s average target of $11.83 is 10.66% above today’s ($10.69) share price. TBBK was included in 4 notes of analysts from October 26, 2017. Raymond James upgraded the stock to “Buy” rating in Friday, January 26 report. The firm earned “Hold” rating on Tuesday, February 13 by Piper Jaffray. The company was maintained on Friday, January 12 by Sandler O’Neill. Piper Jaffray maintained it with “Hold” rating and $8.0 target in Thursday, October 26 report.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Chart

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