Shares of The Bancorp, Inc. (NASDAQ:TBBK – Get Free Report) reached a new 52-week low during trading on Friday. The stock traded as low as $46.64 and last traded at $46.8750, with a volume of 202,686 shares trading hands. The stock had previously closed at $50.52.
Trending Headlines about Bancorp
Here are the key news stories impacting Bancorp this week:
- Positive Sentiment: Third-quarter net income rose to $62.8 million, or $1.53 per diluted share, from $54.9 million, or $1.18 per share, a year earlier. Adjusted EPS of $1.47 was in line with the consensus estimate in some reports. The Bancorp Posts Third-Quarter Profit
- Positive Sentiment: Fintech fees increased 19.2% year over year to $41.8 million, card purchase volume rose 23.4% to $54.33 billion, loans grew 8.8% to $7.26 billion, and average deposits increased 10.4% to $8.42 billion. These figures point to continued underlying growth in the company’s payments and fintech businesses. Bancorp Reports Strong Q3 Results and Fintech Momentum
- Positive Sentiment: The Bancorp repurchased $50 million of stock during the quarter, buying 822,229 shares at an average price of $60.81. Analysts subsequently maintained a broadly favorable view, with the stock receiving a “Moderate Buy” consensus rating. The Bancorp Receives Moderate Buy Rating
- Neutral Sentiment: Management’s third-quarter earnings call is likely to receive investor attention for additional commentary on fintech growth, credit trends, funding costs, and the outlook for margins. The Bancorp Q3 2026 Earnings Call Transcript
- Negative Sentiment: Revenue of approximately $135.9 million missed the $154.9 million analyst estimate. Adjusted EPS also narrowly missed the Zacks consensus estimate of $1.48, despite increasing from $1.18 a year earlier. The Bancorp Misses Q3 Earnings Estimates
- Negative Sentiment: Net interest margin declined to 3.75% from 4.45% a year earlier, signaling pressure from funding costs or asset yields. That margin compression, combined with the revenue shortfall, appears to be the main reason investors reacted negatively to otherwise solid operating growth. The Bancorp Reports Third-Quarter Results
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of Bancorp in a report on Monday, July 20th. Weiss Ratings raised Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price objective on shares of Bancorp in a report on Tuesday, October 20th. Raymond James Financial set a $88.00 price objective on Bancorp in a research note on Friday, August 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $75.00 price objective (down from $86.00) on shares of Bancorp in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $67.75.
Get Our Latest Stock Analysis on Bancorp
Bancorp Trading Down 6.8%
The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $1.92 billion, a PE ratio of 8.83 and a beta of 1.25. The stock’s 50-day simple moving average is $54.03 and its 200-day simple moving average is $58.70.
Bancorp (NASDAQ:TBBK – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.47. Bancorp had a return on equity of 32.32% and a net margin of 27.72%. The business had revenue of $135.89 million during the quarter, compared to analysts’ expectations of $154.86 million. As a group, sell-side analysts expect that The Bancorp, Inc. will post 6.00 EPS for the current fiscal year.
Insider Buying and Selling at Bancorp
In other news, CAO Martin Egan sold 3,057 shares of Bancorp stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total value of $220,195.71. Following the completion of the transaction, the chief accounting officer owned 30,219 shares in the company, valued at approximately $2,176,674.57. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Bancorp
Several hedge funds have recently made changes to their positions in TBBK. Hennessy Advisors Inc. lifted its stake in shares of Bancorp by 6.4% during the 3rd quarter. Hennessy Advisors Inc. now owns 50,000 shares of the bank’s stock worth $2,408,000 after purchasing an additional 3,000 shares during the last quarter. State of Wyoming lifted its stake in shares of Bancorp by 54.0% in the 3rd quarter. State of Wyoming now owns 4,297 shares of the bank’s stock valued at $207,000 after purchasing an additional 1,507 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in Bancorp in the third quarter valued at approximately $203,000. Sterling Capital Management LLC lifted its holdings in Bancorp by 840.4% during the third quarter. Sterling Capital Management LLC now owns 1,326 shares of the bank’s stock valued at $64,000 after purchasing an additional 1,185 shares in the last quarter. Finally, SummerHaven Investment Management LLC acquired a new position in shares of Bancorp during the third quarter valued at approximately $1,017,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
Bancorp Company Profile
The Bancorp, Inc (NASDAQ:TBBK) is a financial technology-focused bank holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, N.A., the company provides banking and payment services primarily through partnerships with fintech companies, businesses, and other institutional clients rather than through a traditional branch network.
The company’s services include payment processing, prepaid and debit card programs, card issuance, automated clearing house (ACH) and other electronic payment solutions, deposit accounts, and commercial lending.
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