Bancorp (NASDAQ:TBBK) EVP Sells $217,215.00 in Stock

The Bancorp, Inc. (NASDAQ:TBBK) EVP Ryan Harris sold 4,500 shares of Bancorp stock in a transaction on Friday, November 6th. The shares were sold at an average price of $48.27, for a total transaction of $217,215.00. Following the completion of the sale, the executive vice president directly owned 146,016 shares of the company’s stock, valued at approximately $7,048,192.32. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bancorp Stock Performance

Shares of TBBK stock opened at $48.61 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $50.72 and a two-hundred day simple moving average of $57.74. The Bancorp, Inc. has a 12 month low of $45.08 and a 12 month high of $73.02. The firm has a market capitalization of $1.94 billion, a PE ratio of 8.68 and a beta of 1.20.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 29th. The bank reported $1.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.47. The firm had revenue of $135.89 million for the quarter, compared to analyst estimates of $154.86 million. Bancorp had a net margin of 28.50% and a return on equity of 34.29%. Analysts forecast that The Bancorp, Inc. will post 5.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TBBK shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Bancorp in a research report on Tuesday, November 3rd. Bank of America reiterated a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. DA Davidson set a $64.00 price objective on Bancorp in a report on Tuesday, October 20th. Zacks Research downgraded Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 3rd. Finally, Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.25.

Institutional Trading of Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Bancorp during the third quarter valued at about $94,000. Banc Funds Co. LLC grew its position in Bancorp by 72.1% in the 3rd quarter. Banc Funds Co. LLC now owns 40,592 shares of the bank’s stock worth $1,955,000 after purchasing an additional 17,000 shares in the last quarter. Global Retirement Partners LLC grew its position in Bancorp by 676.7% in the 3rd quarter. Global Retirement Partners LLC now owns 1,631 shares of the bank’s stock worth $79,000 after purchasing an additional 1,421 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Bancorp in the 3rd quarter worth about $1,216,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Bancorp in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc. is a financial holding company based in Wilmington, Delaware. Through its subsidiary, The Bancorp Bank, National Association, it provides banking and financial services primarily to businesses and other organizations rather than operating a traditional branch-focused consumer bank. The company’s services include payment and card programs, such as prepaid and debit card solutions, along with payment processing and banking services for fintech companies and other partners. Its lending activities include specialty financing for businesses and individuals.