Bancorp (NASDAQ:TBBK) Trading Down 5.8% – Should You Sell?

Shares of The Bancorp, Inc. (NASDAQ:TBBK) traded down 5.8% on Friday . The company traded as low as $67.11 and last traded at $67.1560. 158,534 shares changed hands during trading, a decline of 74% from the average session volume of 616,851 shares. The stock had previously closed at $71.29.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Bancorp in a research report on Tuesday, January 13th. William Blair set a $60.00 price objective on Bancorp in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $57.00 target price on shares of Bancorp in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Bancorp presently has an average rating of “Moderate Buy” and an average price target of $60.20.

Bancorp Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $67.14 and a two-hundred day moving average price of $69.60. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 13.97 and a beta of 1.27.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.16). The company had revenue of $134.82 million for the quarter, compared to analyst estimates of $99.60 million. Bancorp had a return on equity of 27.97% and a net margin of 26.15%.Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Insider Activity

In related news, CFO Dominic C. Canuso bought 1,800 shares of the company’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of $61.24 per share, for a total transaction of $110,232.00. Following the acquisition, the chief financial officer owned 3,500 shares of the company’s stock, valued at approximately $214,340. This represents a 105.88% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBBK. State of Alaska Department of Revenue increased its stake in Bancorp by 29.6% during the 4th quarter. State of Alaska Department of Revenue now owns 30,040 shares of the bank’s stock worth $2,027,000 after acquiring an additional 6,861 shares during the period. IFP Advisors Inc acquired a new stake in shares of Bancorp during the 3rd quarter valued at $66,000. Penn Capital Management Company LLC bought a new position in Bancorp in the third quarter valued at about $13,422,000. CIBC Bancorp USA Inc. bought a new position in Bancorp in the 3rd quarter valued at approximately $364,000. Finally, Danske Bank A S bought a new stake in Bancorp in the third quarter valued at approximately $1,198,000. 96.22% of the stock is owned by 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.