Key Points
- Bancorp CAO Martin Egan sold 3,057 shares for approximately $220,196, reducing his ownership by 9.19% to 30,219 shares.
- Bancorp’s stock opened at $70.74, down 1.4%, while the company reported quarterly EPS of $1.45, beating estimates by $0.09; revenue of $137.74 million fell short of forecasts.
- Analyst sentiment remains favorable, with a “Moderate Buy” consensus and recent price targets of $82 and $86, while institutional investors own 96.22% of the company.
The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) CAO Martin Egan sold 3,057 shares of the stock in a transaction on Thursday, August 6th. The shares were 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 approximately $2,176,674.57. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Bancorp Stock Down 1.4%
TBBK stock opened at $70.74 on Friday. The Bancorp, Inc. has a 1-year low of $50.20 and a 1-year high of $81.65. The business has a fifty day moving average price of $62.38 and a 200-day moving average price of $59.36. 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 stock has a market capitalization of $2.95 billion, a P/E ratio of 13.30 and a beta of 1.19.
Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly 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 firm had revenue of $137.74 million for the quarter, compared to the consensus estimate 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. Equities analysts forecast that The Bancorp, Inc. will post 6.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bancorp
Institutional investors and hedge funds have recently made changes to their positions in the business. Hilton Head Capital Partners LLC bought a new stake in Bancorp during the fourth quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new position in Bancorp in the second quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. raised its position in Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank's stock worth $56,000 after acquiring an additional 659 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Bancorp during the 4th quarter worth $68,000. Finally, Covestor Ltd boosted its stake in shares of Bancorp by 99.9% during the 4th quarter. Covestor Ltd now owns 2,029 shares of the bank's stock worth $137,000 after acquiring an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.
Analysts Set New Price Targets
TBBK has been the topic of a number of recent analyst reports. Bank of America reaffirmed a "buy" rating on shares of Bancorp in a report on Monday, July 20th. Raymond James Financial restated a "strong-buy" rating and set a $82.00 price objective on shares of Bancorp in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, April 25th. Weiss Ratings raised shares of Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Finally, Piper Sandler reiterated an "overweight" rating and set a $86.00 target price (up from $70.00) on shares of Bancorp in a research note on Monday. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.17.
Check Out Our Latest Stock Report on TBBK
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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