Shares of Bancorp Inc (NASDAQ:TBBK) hit a new 52-week low during trading on Tuesday after the company announced weaker than expected quarterly earnings, Analyst Ratings Network.com reports. The company traded as low as $4.30 and last traded at $4.30, with a volume of 148,037 shares. The stock had previously closed at $5.00.

The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.05.

Several equities research analysts have recently commented on TBBK shares. BTIG Research reissued a “buy” rating and set a $10.00 price target (down previously from $14.00) on shares of Bancorp in a research note on Monday, November 2nd. Zacks Investment Research raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, December 10th. Raymond James lowered Bancorp from an “outperform” rating to a “market perform” rating in a research note on Monday, December 14th. Finally, TheStreet lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 21st.

Other hedge funds and institutional investors recently modified their holdings of the company. Simplex Trading bought a new position in shares of Bancorp during the fourth quarter valued at about $0. California State Teachers Retirement System increased its position in shares of Bancorp by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 62,488 shares of the company’s stock valued at $398,000 after buying an additional 1,121 shares in the last quarter. Strs Ohio increased its position in shares of Bancorp by 30.6% in the fourth quarter. Strs Ohio now owns 93,900 shares of the company’s stock valued at $598,000 after buying an additional 22,000 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Bancorp by 156.5% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 180,502 shares of the company’s stock valued at $1,150,000 after buying an additional 110,140 shares in the last quarter.

The stock has a 50-day moving average of $5.67 and a 200 day moving average of $7.29. The company has a market capitalization of $161.79 million and a PE ratio of 10.931.

The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (NASDAQ:TBBK), a chartered commercial bank located in Wilmington, Delaware. The Company operates through four business segments: specialty finance, payments, corporate and discontinued operations. The specialty finance segment includes commercial mortgage loan sales, small business administration loans, leasing and security backed lines of credit and 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. Through the Bank, the Company also provides banking services nationally, which include private label banking, institutional banking, card payment and other payment processing and health savings accounts.

12 Month Chart for NASDAQ:TBBK

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