Bancorp (NASDAQ:TBBK) CFO Dominic Canuso Buys 800 Shares

The Bancorp, Inc. (NASDAQ:TBBK) CFO Dominic Canuso purchased 800 shares of Bancorp stock in a transaction dated Monday, February 9th. The shares were bought at an average price of $62.00 per share, with a total value of $49,600.00. Following the completion of the acquisition, the chief financial officer directly owned 4,500 shares of the company’s stock, valued at approximately $279,000. This represents a 21.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bancorp Stock Down 4.3%

NASDAQ:TBBK traded down $2.67 on Tuesday, reaching $59.38. 502,414 shares of the stock traded hands, compared to its average volume of 673,324. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.07 and a beta of 1.31. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $81.65. The company’s fifty day simple moving average is $67.44 and its 200 day simple moving average is $69.44.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.18). Bancorp had a net margin of 26.15% and a return on equity of 28.91%. The company had revenue of $132.21 million for the quarter, compared to the consensus estimate of $101.10 million. Equities analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $57.00 price target on shares of Bancorp in a research note on Wednesday, January 21st. Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Wolfe Research set a $57.00 target price on shares of Bancorp in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th. Finally, Zacks Research downgraded Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bancorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.20.

Hedge Funds Weigh In On Bancorp

Institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC boosted its holdings in Bancorp by 213.6% in the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock worth $26,000 after buying an additional 235 shares during the last quarter. Bessemer Group Inc. raised its stake in Bancorp by 78.6% in the 3rd 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. Lazard Asset Management LLC acquired a new stake in Bancorp during the 2nd quarter worth $53,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Bancorp by 732.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after buying an additional 659 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in Bancorp during the third quarter worth $66,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Company Profile

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.