Martin Egan Sells 3,057 Shares of Bancorp (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) CAO Martin Egan sold 3,057 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $72.03, for a total transaction of $220,195.71. Following the sale, the chief accounting officer directly owned 30,219 shares of the company’s stock, valued at $2,176,674.57. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bancorp Stock Performance

Shares of NASDAQ:TBBK opened at $69.64 on Friday. The company has a market cap of $2.90 billion, a P/E ratio of 13.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.88. The Bancorp, Inc. has a one year low of $50.20 and a one year high of $81.65. The business’s 50-day simple moving average is $62.67 and its 200 day simple moving average is $59.43.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million during the quarter, compared to analysts’ expectations of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 32.91%.Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. On average, sell-side analysts forecast that The Bancorp, Inc. will post 6.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TBBK shares. Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Piper Sandler reaffirmed an “overweight” rating and set a $86.00 price target (up from $70.00) on shares of Bancorp in a research note on Monday. Bank of America reiterated a “buy” rating on shares of Bancorp in a report on Monday, July 20th. Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 target price (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

Hedge Funds Weigh In On Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in TBBK. Osaic Holdings Inc. lifted its stake in Bancorp by 3.7% in the second quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock valued at $318,000 after buying an additional 197 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Bancorp by 0.6% during the second quarter. California State Teachers Retirement System now owns 42,929 shares of the bank’s stock worth $2,446,000 after acquiring an additional 253 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Bancorp by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,856 shares of the bank’s stock worth $368,000 after acquiring an additional 267 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Bancorp by 1.1% in the 4th quarter. Cerity Partners LLC now owns 27,518 shares of the bank’s stock worth $1,858,000 after acquiring an additional 309 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Bancorp in the 4th quarter worth about $27,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

About Bancorp

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.