Bancorp (NASDAQ:TBBK) Hits New 1-Year Low – What’s Next?

The Bancorp, Inc. (NASDAQ:TBBK – Get Free Report)’s share price hit a new 52-week low on Tuesday. The company traded as low as $48.30 and last traded at $48.34, with a volume of 82998 shares traded. The stock had previously closed at $49.16.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TBBK. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 target price (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Bank of America reiterated a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Weiss Ratings cut Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. Piper Sandler restated an “overweight” rating and issued a $75.00 target price (down from $86.00) on shares of Bancorp in a research report on Thursday, September 17th. Finally, Raymond James Financial set a $88.00 price target on Bancorp in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Read Our Latest Report on Bancorp

Bancorp Stock Performance

The firm’s fifty day moving average is $62.79 and its 200-day moving average is $59.57. 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 $1.97 billion, a PE ratio of 9.07 and a beta of 1.18.

Bancorp (NASDAQ:TBBK – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $137.74 million for the quarter, compared to analysts’ expectations of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.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 The Bancorp, Inc. will post 5.97 earnings per share for the current year.

Insider Transactions at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the transaction, the chief accounting officer directly owned 30,219 shares of the company’s stock, valued at $2,176,674.57. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tidal Investments LLC raised its position in Bancorp by 51.1% in the 2nd quarter. Tidal Investments LLC now owns 23,723 shares of the bank’s stock valued at $1,486,000 after purchasing an additional 8,021 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Bancorp by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 23,675 shares of the bank’s stock valued at $1,483,000 after buying an additional 1,032 shares during the period. Engineers Gate Manager LP boosted its position in shares of Bancorp by 20.0% during the 2nd quarter. Engineers Gate Manager LP now owns 24,012 shares of the bank’s stock worth $1,504,000 after purchasing an additional 3,998 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Bancorp during the 2nd quarter valued at approximately $25,000. Finally, Squarepoint Ops LLC grew its holdings in Bancorp by 1,000.0% in the second quarter. Squarepoint Ops LLC now owns 54,934 shares of the bank’s stock valued at $3,441,000 after purchasing an additional 49,940 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Bancorp

(Get Free Report)

The Bancorp, Inc is a financial holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, National Association, the company provides banking and payment solutions primarily to financial technology companies, non-bank businesses and institutional clients.

The company’s services include sponsor banking, deposit accounts, payment cards, automated clearing house (ACH) processing, prepaid and commercial card programs, merchant services, and other payment-processing capabilities.

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