Key Points
- CFO Dominic Canuso purchased 800 shares on Feb. 9 at $62.00 each (≈$49,600), lifting his stake to 4,500 shares — a 21.62% increase in his position.
- TBBK shares opened at $59.38 and were down about 4.3%; the stock has a market cap of $2.61 billion, a P/E of 12.07, and a 1‑year range of $40.51–$81.65.
- The company reported Q4 EPS of $1.28 versus a $1.46 estimate (an EPS miss) while revenue of $132.2M beat expectations, and analysts hold a consensus rating of "Moderate Buy" with a $58.20 price target.
The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) CFO Dominic Canuso bought 200 shares of the business's stock in a transaction on Friday, February 6th. The stock was bought at an average price of $60.50 per share, for a total transaction of $12,100.00. Following the purchase, the chief financial officer directly owned 3,700 shares of the company's stock, valued at $223,850. The trade was a 5.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Bancorp Stock Performance
TBBK stock opened at $59.38 on Wednesday. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $81.65. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 12.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a 50-day simple moving average of $67.44 and a two-hundred day simple moving average of $69.44.
Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.18). Bancorp had a return on equity of 28.91% and a net margin of 26.15%.The firm had revenue of $132.21 million during the quarter, compared to analysts' expectations of $101.10 million. On average, equities analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
TBBK has been the subject of several analyst reports. Zacks Research lowered Bancorp from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 3rd. William Blair set a $60.00 price target on Bancorp in a report on Wednesday, January 21st. Wolfe Research set a $57.00 price target on Bancorp in a research note on Monday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Bancorp in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $57.00 target price on shares of Bancorp in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $58.20.
Read Our Latest Analysis on Bancorp
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of Bancorp by 273.2% in the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank's stock worth $46,574,000 after purchasing an additional 455,265 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Bancorp by 148.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank's stock worth $27,227,000 after buying an additional 241,058 shares during the period. Penn Capital Management Company LLC purchased a new position in Bancorp during the 3rd quarter worth approximately $13,422,000. Epoch Investment Partners Inc. lifted its stake in Bancorp by 306.6% during the 3rd quarter. Epoch Investment Partners Inc. now owns 209,268 shares of the bank's stock valued at $15,672,000 after acquiring an additional 157,796 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Bancorp by 43.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 507,691 shares of the bank's stock valued at $34,279,000 after acquiring an additional 154,539 shares during the period. 96.22% of the stock is owned by institutional investors and hedge funds.
About Bancorp
(
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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