Key Points
- Insider buying: Director Matthew Cohn bought 680 shares of TBBK on Feb 10 at $62.14 (total $42,255.20), increasing his holdings to 3,655 shares (a 22.86% rise), and also purchased 170 and 230 shares on Feb 11–12 at about $56.99 and $56.78.
- Company performance and analyst view: The Bancorp opened at $55.85 (12‑month range $40.51–$81.65) with a $2.45B market cap; it reported Q4 EPS of $1.28 (missed estimates) but revenue of $132.21M (beat), and analysts show a consensus "Moderate Buy" with a $58.20 price target.
The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) Director Matthew Cohn purchased 230 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $56.78 per share, for a total transaction of $13,059.40. Following the purchase, the director owned 2,675 shares in the company, valued at approximately $151,886.50. The trade was a 9.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Matthew Cohn also recently made the following trade(s):
- On Wednesday, February 11th, Matthew Cohn purchased 170 shares of Bancorp stock. The shares were bought at an average price of $56.99 per share, with a total value of $9,688.30.
- On Tuesday, February 10th, Matthew Cohn purchased 680 shares of Bancorp stock. The stock was bought at an average cost of $62.14 per share, for a total transaction of $42,255.20.
Bancorp Stock Performance
NASDAQ:TBBK opened at $55.85 on Friday. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $81.65. 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 company has a 50 day moving average price of $67.04 and a 200 day moving average price of $69.26. The stock has a market capitalization of $2.45 billion, a P/E ratio of 11.35 and a beta of 1.31.
Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The bank reported $1.28 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 for the quarter, compared to analyst estimates of $101.10 million. Equities research analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current year.
Analyst Upgrades and Downgrades
TBBK has been the topic of a number of research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Bancorp in a report on Tuesday, January 13th. Weiss Ratings restated a "hold (c+)" rating on shares of Bancorp in a research note on Monday, December 29th. Piper Sandler reaffirmed an "overweight" rating on shares of Bancorp in a report on Monday. Zacks Research cut shares of Bancorp from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 3rd. Finally, Bank of America set a $60.00 target price on shares of Bancorp in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.20.
View Our Latest Stock Report on TBBK
Institutional Investors Weigh In On Bancorp
Several institutional investors have recently made changes to their positions in TBBK. Ameriprise Financial Inc. increased its holdings in shares of Bancorp by 273.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank's stock valued at $46,574,000 after purchasing an additional 455,265 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Bancorp by 148.6% during the fourth 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 in the third quarter valued at about $13,422,000. Epoch Investment Partners Inc. lifted its position in shares of 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. boosted its stake in shares of Bancorp by 43.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 507,691 shares of the bank's stock worth $34,279,000 after acquiring an additional 154,539 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
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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