Bancorp's (TBBK) Outperform Rating Reaffirmed at Raymond James

Bancorp (NASDAQ:TBBK - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Raymond James in a report issued on Monday,Benzinga reports. They currently have a $67.00 target price on the bank's stock, up from their prior target price of $60.00. Raymond James' price objective points to a potential upside of 7.10% from the company's current price.

Other analysts also recently issued reports about the stock. Piper Sandler boosted their target price on shares of Bancorp from $61.00 to $64.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. StockNews.com downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Sunday, January 12th.

Bancorp Stock Performance

Bancorp stock traded down $0.19 during midday trading on Monday, reaching $62.56. 655,942 shares of the stock traded hands, compared to its average volume of 464,030. The firm has a fifty day moving average price of $55.40 and a two-hundred day moving average price of $53.22. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 14.55 and a beta of 1.49. Bancorp has a fifty-two week low of $29.92 and a fifty-two week high of $64.53.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. On average, equities research analysts forecast that Bancorp will post 5.25 earnings per share for the current year.

Institutional Investors Weigh In On Bancorp

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Bancorp by 132.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank's stock worth $20,532,000 after buying an additional 219,020 shares during the period. Franklin Resources Inc. boosted its holdings in Bancorp by 18.6% during the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank's stock valued at $52,061,000 after acquiring an additional 144,867 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Bancorp in the third quarter valued at about $6,100,000. Segall Bryant & Hamill LLC increased its stake in shares of Bancorp by 42.3% in the third quarter. Segall Bryant & Hamill LLC now owns 238,120 shares of the bank's stock worth $12,739,000 after purchasing an additional 70,768 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Bancorp during the 4th quarter worth about $3,474,000. 96.22% of the stock is currently owned by institutional investors.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.