Bancorp (NASDAQ:TBBK) Reaches New 1-Year Low – Here’s What Happened

The Bancorp, Inc. (NASDAQ:TBBK) hit a new 52-week low during trading on Tuesday. The company traded as low as $48.30 and last traded at $48.34, with a volume of 82998 shares. The stock had previously closed at $49.16.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Bank of America reissued a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Piper Sandler reiterated an “overweight” rating and issued a $75.00 target price (down from $86.00) on shares of Bancorp in a research note on Thursday, September 17th. Raymond James Financial set a $88.00 target price on Bancorp in a research report on Friday, August 7th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Bancorp Stock Performance

The stock has a 50 day simple moving average of $62.79 and a 200 day simple moving average of $59.57. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 9.07 and a beta of 1.18.

Bancorp (NASDAQ:TBBK) last posted its 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. The business had revenue of $137.74 million during the quarter, compared to analyst estimates of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. As a group, analysts predict that The Bancorp, Inc. will post 5.97 EPS for the current year.

Insider Activity

In other news, CAO Martin Egan sold 3,057 shares of Bancorp stock in a transaction that occurred 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 owned 30,219 shares in the company, valued at $2,176,674.57. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBBK. Integrated Wealth Concepts LLC purchased a new position in Bancorp in the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Bancorp during the fourth quarter worth about $27,000. Nykredit A S acquired a new position in shares of Bancorp in the second quarter worth about $167,000. Rockefeller Capital Management L.P. lifted its stake in shares of Bancorp by 187.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,177 shares of the bank’s stock worth $215,000 after acquiring an additional 2,071 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Bancorp in the first quarter valued at about $233,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc is a financial holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, National Association, the company provides banking and payment solutions primarily to financial technology companies, non-bank businesses and institutional clients.

The company’s services include sponsor banking, deposit accounts, payment cards, automated clearing house (ACH) processing, prepaid and commercial card programs, merchant services, and other payment-processing capabilities.