Key Points
- Director Stephanie Mudick bought 1,000 Bancorp shares at an average price of $47.49, spending $47,490. Her stake rose 2.27% to 45,150 shares.
- Bancorp reported quarterly earnings of $1.47 per share, matching analysts’ consensus, but revenue of $135.89 million came in below the $154.86 million forecast.
- Analysts have a “Moderate Buy” consensus rating and an average price target of $63.88; five analysts rate the stock Buy, two Hold, and one Sell.
The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) Director Stephanie Mudick acquired 1,000 shares of the stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $47.49 per share, for a total transaction of $47,490.00. Following the transaction, the director owned 45,150 shares of the company's stock, valued at approximately $2,144,173.50. This trade represents a 2.27% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Bancorp Stock Performance
Shares of Bancorp stock traded up $0.51 on Friday, reaching $48.25. 415,057 shares of the company traded hands, compared to its average volume of 519,525. The company has a 50 day moving average of $51.68 and a 200 day moving average of $58.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.87. The Bancorp, Inc. has a 52 week low of $45.08 and a 52 week high of $73.02. The firm has a market capitalization of $1.97 billion, a PE ratio of 8.51 and a beta of 1.20.
Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The bank reported $1.47 EPS for the quarter, hitting analysts' consensus estimates of $1.47. Bancorp had a net margin of 30.13% and a return on equity of 34.29%. The company had revenue of $135.89 million for the quarter, compared to analysts' expectations of $154.86 million. Equities analysts forecast that The Bancorp, Inc. will post 5.99 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Weiss Ratings raised Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, October 8th. Bank of America reiterated a "buy" rating on shares of Bancorp in a research note on Monday, July 20th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Royal Bank Of Canada restated an "outperform" rating and set a $60.00 price target on shares of Bancorp in a research note on Tuesday, October 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $57.00 price objective on shares of Bancorp in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $63.88.
Get Our Latest Analysis on Bancorp
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in TBBK. Janus Henderson Group PLC grew its holdings in Bancorp by 19.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,084,992 shares of the bank's stock valued at $58,296,000 after buying an additional 172,925 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Bancorp by 104.5% in the first quarter. Bank of America Corp DE now owns 426,613 shares of the bank's stock worth $22,922,000 after buying an additional 218,038 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Bancorp by 8.3% in the first quarter. Principal Financial Group Inc. now owns 352,786 shares of the bank's stock worth $18,955,000 after buying an additional 27,058 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Bancorp by 21.3% in the third quarter. Congress Asset Management Co. now owns 347,585 shares of the bank's stock valued at $16,740,000 after acquiring an additional 61,054 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Bancorp in the first quarter valued at approximately $15,063,000. Institutional investors own 96.22% of the company's stock.
Bancorp Company Profile
(
Get Free Report)
The Bancorp, Inc (NASDAQ:TBBK) is a financial technology-focused bank holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, N.A., the company provides banking and payment services primarily through partnerships with fintech companies, businesses, and other institutional clients rather than through a traditional branch network.
The company's services include payment processing, prepaid and debit card programs, card issuance, automated clearing house (ACH) and other electronic payment solutions, deposit accounts, and commercial lending.
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