Bancorp (NASDAQ:TBBK) CAO Sells 3,057 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBKGet Free Report) CAO Martin Egan sold 3,057 shares of the 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 sale, the chief accounting officer owned 30,219 shares in the company, valued at $2,176,674.57. The trade was a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bancorp Stock Performance

NASDAQ:TBBK traded down $1.00 during midday trading on Thursday, reaching $70.74. 402,627 shares of the company traded hands, compared to its average volume of 523,097. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.30 and a beta of 1.19. The company has a fifty day moving average price of $62.07 and a 200 day moving average price of $59.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87. The Bancorp, Inc. has a twelve month low of $50.20 and a twelve month high of $81.65.

Bancorp (NASDAQ:TBBKGet Free Report) last posted its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Bancorp had a return on equity of 32.32% and a net margin of 32.91%.The company had revenue of $137.74 million for the quarter, compared to analysts’ expectations of $166.69 million. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. On average, analysts expect that The Bancorp, Inc. will post 6.02 EPS for the current fiscal year.

Institutional Trading of Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in TBBK. Ameriprise Financial Inc. raised its stake in shares of Bancorp by 273.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock worth $46,574,000 after buying an additional 455,265 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Bancorp during the first quarter valued at about $15,063,000. Jupiter Asset Management Ltd. boosted its stake in Bancorp by 148.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock valued at $27,227,000 after buying an additional 241,058 shares in the last quarter. Nantahala Capital Management LLC grew its holdings in Bancorp by 25.7% during the fourth quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank’s stock worth $72,360,000 after acquiring an additional 219,351 shares during the period. Finally, Bank of America Corp DE grew its holdings in Bancorp by 104.5% during the first quarter. Bank of America Corp DE now owns 426,613 shares of the bank’s stock worth $22,922,000 after acquiring an additional 218,038 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TBBK has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $82.00 target price on shares of Bancorp in a research report on Friday, July 31st. 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 report on Tuesday, June 30th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $79.00 target price (up from $77.00) on shares of Bancorp in a research report on Monday. Finally, Wall Street Zen raised Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.17.

Check Out Our Latest Report on Bancorp

Bancorp Company Profile

(Get Free Report)

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.

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