Bancorp Inc (NASDAQ:TBBK) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has upgraded Bancorp Inc (NASDAQ:TBBK) to Hold in a statement released on Wednesday October 12, 2016.
Boasting a price of $6.95, Bancorp Inc (NASDAQ:TBBK) traded 1.16% higher on the day. With the last stock price close up 17.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bancorp Inc has recorded a 50-day average of $6.34 and a two hundred day average of $5.96. Volume of trade was up over the average, with 195,630 shares of TBBK changing hands over the typical 176,477
With a market cap of $0, Bancorp Inc has 52 week low of $3.88 and a 52 week high of $8.20 .
General Information About Bancorp Inc (NASDAQ:TBBK)
The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company's investment portfolio and corporate overhead, and other non-allocated expenses. Through the Bank, the Company also provides deposit generating banking services.
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