Key Points
- Director Mark Tryniski purchased 5,000 shares at $60.23 on Feb. 4 for $301,150, boosting his holding 35.8% to 18,966 shares (≈$1.14M).
- Recent results were mixed: Bancorp missed EPS at $1.28 vs. $1.46 consensus but beat revenue at $132.21M vs. $101.10M, and analysts’ average target is $58.50 with a "Moderate Buy" consensus.
- Stock and ownership snapshot: TBBK trades near $60.79 with a $2.67B market cap and 52‑week range $40.51–$81.65, and institutional investors own about 96.22% of shares.
The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) Director Mark Tryniski bought 5,000 shares of the business's stock in a transaction dated Wednesday, February 4th. The shares were bought at an average cost of $60.23 per share, for a total transaction of $301,150.00. Following the transaction, the director owned 18,966 shares in the company, valued at approximately $1,142,322.18. The trade was a 35.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Bancorp Stock Up 3.8%
NASDAQ TBBK opened at $60.79 on Friday. The company has a fifty day moving average of $67.63 and a two-hundred day moving average of $69.58. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 12.36 and a beta of 1.31. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $81.65.
Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The bank reported $1.28 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.18). Bancorp had a net margin of 26.15% and a return on equity of 28.91%. The firm had revenue of $132.21 million for the quarter, compared to the consensus estimate of $101.10 million. On average, analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.
Institutional Trading of Bancorp
Several large investors have recently added to or reduced their stakes in TBBK. New York State Common Retirement Fund grew its stake in Bancorp by 735.0% in the 3rd quarter. New York State Common Retirement Fund now owns 139,489 shares of the bank's stock valued at $10,446,000 after acquiring an additional 122,784 shares during the period. Lisanti Capital Growth LLC purchased a new position in Bancorp during the third quarter valued at $7,351,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Bancorp in the third quarter valued at about $657,000. Quantbot Technologies LP increased its stake in shares of Bancorp by 445.8% during the second quarter. Quantbot Technologies LP now owns 58,398 shares of the bank's stock worth $3,327,000 after purchasing an additional 47,699 shares in the last quarter. Finally, California First Leasing Corp acquired a new position in shares of Bancorp during the 3rd quarter worth about $1,850,000. Hedge funds and other institutional investors own 96.22% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on TBBK. Raymond James Financial reiterated a "strong-buy" rating on shares of Bancorp in a report on Tuesday, January 13th. William Blair set a $60.00 price objective on shares of Bancorp in a report on Wednesday, January 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bancorp in a report on Monday, December 29th. Royal Bank Of Canada restated an "outperform" rating and set a $57.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Bancorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $58.50.
Read 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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