Bancorp (NASDAQ:TBBK) CFO Buys $110,232.00 in Stock

The Bancorp, Inc. (NASDAQ:TBBK) CFO Dominic Canuso bought 1,800 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the completion of the transaction, the chief financial officer owned 3,500 shares of the company’s stock, valued at $214,340. This represents a 105.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bancorp Price Performance

Shares of TBBK stock traded down $0.58 during mid-day trading on Friday, reaching $61.54. The stock had a trading volume of 476,012 shares, compared to its average volume of 600,621. The company has a market cap of $2.70 billion, a P/E ratio of 13.23 and a beta of 1.34. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $81.65. The business has a 50-day simple moving average of $73.71 and a 200 day simple moving average of $64.59.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). Bancorp had a net margin of 27.16% and a return on equity of 27.24%. The business had revenue of $134.82 million during the quarter, compared to analyst estimates of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. On average, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings downgraded Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Oppenheimer reissued an “outperform” rating on shares of Bancorp in a research report on Friday, July 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $52.00 price objective on shares of Bancorp in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Institutional Trading of Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of Bancorp by 8.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the bank’s stock worth $157,000 after purchasing an additional 169 shares during the period. Bessemer Group Inc. increased its stake in Bancorp by 78.6% in the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock valued at $30,000 after purchasing an additional 176 shares during the last quarter. Ethic Inc. lifted its position in Bancorp by 4.5% during the second quarter. Ethic Inc. now owns 4,177 shares of the bank’s stock worth $239,000 after buying an additional 178 shares during the period. Arete Wealth Advisors LLC boosted its stake in Bancorp by 2.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 9,551 shares of the bank’s stock worth $715,000 after buying an additional 191 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Bancorp by 3.7% in the 2nd 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 period. 96.22% of the stock is owned by hedge funds and other institutional investors.

About Bancorp

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.