The Bancorp, Inc. $TBBK Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 41.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,326 shares of the bank’s stock after selling 14,341 shares during the period. Intech Investment Management LLC’s holdings in Bancorp were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TBBK. Cetera Investment Advisers boosted its stake in Bancorp by 447.5% during the second quarter. Cetera Investment Advisers now owns 24,112 shares of the bank’s stock worth $1,374,000 after buying an additional 19,708 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Bancorp by 5.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,992 shares of the bank’s stock worth $683,000 after acquiring an additional 574 shares during the period. Geode Capital Management LLC boosted its position in shares of Bancorp by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,373,686 shares of the bank’s stock valued at $78,266,000 after acquiring an additional 7,405 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Bancorp by 20.9% in the second quarter. Jupiter Asset Management Ltd. now owns 518,595 shares of the bank’s stock valued at $29,544,000 after purchasing an additional 89,653 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Bancorp by 47.1% in the second quarter. Los Angeles Capital Management LLC now owns 39,541 shares of the bank’s stock valued at $2,253,000 after purchasing an additional 12,660 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Stock Performance

NASDAQ TBBK opened at $63.30 on Tuesday. The stock has a fifty day simple moving average of $71.56 and a 200-day simple moving average of $65.30. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.78 billion, a PE ratio of 13.61 and a beta of 1.34. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.16). Bancorp had a net margin of 27.16% and a return on equity of 27.24%. The company had revenue of $134.82 million during the quarter, compared to analysts’ expectations of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Equities analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a research note on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Insider Activity

In other news, COO Gregor J. Garry sold 12,532 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $75.14, for a total value of $941,654.48. Following the sale, the chief operating officer directly owned 110,107 shares of the company’s stock, valued at approximately $8,273,439.98. The trade was a 10.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dominic C. Canuso bought 1,800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $61.24 per share, with a total value of $110,232.00. Following the acquisition, the chief financial officer directly owned 3,500 shares in the company, valued at $214,340. The trade was a 105.88% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 22,841 shares of company stock valued at $1,729,716. Company insiders own 5.60% of the company’s stock.

Bancorp 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.