The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) Director Matthew Cohn purchased 545 shares of the stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of $50.11 per share, for a total transaction of $27,309.95. Following the acquisition, the director now directly owns 56,636 shares of the company's stock, valued at $2,838,029.96. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Bancorp Stock Down 2.3 %
TBBK opened at $49.03 on Wednesday. The company has a market capitalization of $2.40 billion, a PE ratio of 12.38 and a beta of 1.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The Bancorp, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $59.26. The business has a 50-day moving average of $52.20 and a 200-day moving average of $43.13.
Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.08). The business had revenue of $125.84 million for the quarter, compared to the consensus estimate of $131.34 million. Bancorp had a net margin of 39.22% and a return on equity of 26.63%. During the same period in the previous year, the business posted $0.92 EPS. Equities research analysts forecast that The Bancorp, Inc. will post 4.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Bancorp
625,000% Gain
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A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Bancorp by 60.5% in the second quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock worth $29,000 after buying an additional 291 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Bancorp by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank's stock valued at $34,000 after acquiring an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Bancorp by 345.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank's stock worth $55,000 after purchasing an additional 1,272 shares during the last quarter. US Bancorp DE bought a new stake in Bancorp during the third quarter worth approximately $83,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in Bancorp during the second quarter valued at approximately $216,000. 96.22% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on TBBK shares. Piper Sandler lifted their target price on Bancorp from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. StockNews.com downgraded shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $55.00 target price (up previously from $46.00) on shares of Bancorp in a research report on Monday, July 29th.
View Our Latest Research Report on TBBK
About Bancorp
(
Get Free Report)
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.
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