Bancorp Inc (NASDAQ:TBBK) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 399,000 shares, an increase of 31.3% from the July 31st total of 303,800 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 187,800 shares, the days-to-cover ratio is presently 2.1 days.
A number of analysts have commented on TBBK shares. TheStreet upgraded shares of Bancorp from a “c” rating to a “b” rating in a research note on Monday, June 3rd. Zacks Investment Research cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, September 7th. BidaskClub raised shares of Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, ValuEngine raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st.
Shares of TBBK traded up $0.04 during trading hours on Friday, hitting $10.09. The company had a trading volume of 17,013 shares, compared to its average volume of 173,031. The firm has a market cap of $544.47 million, a price-to-earnings ratio of 14.62 and a beta of 1.28. The business has a fifty day moving average of $9.44 and a 200-day moving average of $9.15. Bancorp has a 12 month low of $7.64 and a 12 month high of $10.87. The company has a quick ratio of 0.47, a current ratio of 0.70 and a debt-to-equity ratio of 0.12.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $54.29 million for the quarter, compared to analyst estimates of $52.99 million. Bancorp had a net margin of 30.27% and a return on equity of 11.42%. On average, equities analysts expect that Bancorp will post 0.95 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in TBBK. Comerica Bank boosted its stake in shares of Bancorp by 8.2% in the 1st quarter. Comerica Bank now owns 14,455 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,100 shares in the last quarter. Bailard Inc. boosted its stake in shares of Bancorp by 7.2% in the 2nd quarter. Bailard Inc. now owns 19,300 shares of the bank’s stock valued at $172,000 after purchasing an additional 1,300 shares in the last quarter. Globeflex Capital L P boosted its stake in shares of Bancorp by 10.1% in the 1st quarter. Globeflex Capital L P now owns 18,695 shares of the bank’s stock valued at $151,000 after purchasing an additional 1,709 shares in the last quarter. Swiss National Bank boosted its stake in shares of Bancorp by 2.2% in the 2nd quarter. Swiss National Bank now owns 94,500 shares of the bank’s stock valued at $843,000 after purchasing an additional 2,000 shares in the last quarter. Finally, BerganKDV Wealth Management LLC boosted its stake in shares of Bancorp by 21.8% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,090 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.
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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