SummerHaven Investment Management LLC Makes New $1.02 Million Investment in The Bancorp, Inc. $TBBK

SummerHaven Investment Management LLC purchased a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the third quarter, HoldingsChannel reports. The fund purchased 19,010 shares of the bank’s stock, valued at approximately $1,017,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TBBK. Janus Henderson Group PLC increased its position in shares of Bancorp by 19.0% in 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 raised its stake in Bancorp by 104.5% during the 1st 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 during the period. Principal Financial Group Inc. raised its stake in Bancorp by 8.3% during the 1st 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 during the period. Congress Asset Management Co. raised its stake in Bancorp by 21.3% during the 3rd quarter. Congress Asset Management Co. now owns 347,585 shares of the bank’s stock worth $16,740,000 after buying an additional 61,054 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in Bancorp during the first quarter worth about $15,063,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Insider Activity at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the company’s 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 completion of the transaction, the chief accounting officer directly owned 30,219 shares of the company’s stock, valued at approximately $2,176,674.57. This represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on TBBK shares. Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 target price (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. Bank of America restated a “buy” rating on shares of Bancorp in a report on Monday, July 20th. Raymond James Financial set a $88.00 price target on Bancorp in a research report on Friday, August 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price target (down from $86.00) on shares of Bancorp in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Bancorp Stock Performance

Shares of TBBK stock opened at $49.60 on Friday. 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 52 week low of $47.01 and a 52 week high of $80.56. The company’s 50 day moving average price is $57.30 and its two-hundred day moving average price is $59.12. The company has a market capitalization of $2.02 billion, a P/E ratio of 9.32 and a beta of 1.25.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million for the quarter, compared to analyst estimates of $166.69 million. Bancorp had a net margin of 27.72% and a return on equity of 32.32%. 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, analysts expect that The Bancorp, Inc. will post 5.97 earnings per share for the current fiscal year.

About Bancorp

The Bancorp, Inc (NASDAQ:TBBK) is a financial technology and specialty banking company headquartered in Wilmington, Delaware. Through its subsidiary, The Bancorp Bank, National Association, the company provides banking and payment services primarily to financial technology companies, businesses, institutional clients and consumers.

The company’s offerings include payment acceptance and processing, card issuance and management, automated clearing house (ACH) services, prepaid and debit card programs, and deposit accounts.