Keefe, Bruyette & Woods Reaffirms Outperform Rating for Bancorp (NASDAQ:TBBK)

Bancorp (NASDAQ:TBBKGet Free Report)‘s stock had its “outperform” rating reissued by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $79.00 target price on the bank’s stock, up from their prior target price of $77.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 12.78% from the stock’s current price.

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

View Our Latest Analysis on Bancorp

Bancorp Trading Up 4.4%

NASDAQ TBBK traded up $2.98 during trading hours on Monday, reaching $70.05. The company had a trading volume of 275,378 shares, compared to its average volume of 521,857. The stock has a 50-day moving average of $61.11 and a 200 day moving average of $59.31. Bancorp has a 1-year low of $50.20 and a 1-year high of $81.65. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.92 billion, a P/E ratio of 13.16 and a beta of 1.19.

Bancorp (NASDAQ:TBBKGet Free Report) last announced its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. Bancorp had a net margin of 32.91% and a return on equity of 32.32%. The company 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. As a group, research analysts anticipate that Bancorp will post 6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bancorp

Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of Bancorp by 273.2% during the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock worth $46,574,000 after purchasing an additional 455,265 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Bancorp in the first quarter valued at $15,063,000. Jupiter Asset Management Ltd. raised its stake in Bancorp by 148.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock valued at $27,227,000 after buying an additional 241,058 shares in the last quarter. Nantahala Capital Management LLC lifted its holdings in Bancorp by 25.7% during the 4th quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank’s stock worth $72,360,000 after buying an additional 219,351 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Bancorp by 104.5% during the 1st quarter. Bank of America Corp DE now owns 426,613 shares of the bank’s stock worth $22,922,000 after buying an additional 218,038 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Bancorp (NASDAQ:TBBK)

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