The Bancorp, Inc. $TBBK Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,722 shares of the bank’s stock after selling 11,955 shares during the quarter. Kennedy Capital Management LLC’s holdings in Bancorp were worth $10,182,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hsbc Holdings PLC raised its holdings in Bancorp by 158.7% during the 1st quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank’s stock worth $946,000 after buying an additional 11,037 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Bancorp during the first quarter valued at approximately $673,000. Capital Fund Management S.A. purchased a new stake in shares of Bancorp in the 1st quarter valued at approximately $999,000. Nuveen LLC acquired a new position in Bancorp in the 1st quarter worth approximately $11,417,000. Finally, Siena Capital Partners GP LLC acquired a new position in Bancorp in the 1st quarter worth approximately $1,057,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Bancorp currently has a consensus rating of “Buy” and an average target price of $62.00.

Bancorp Stock Down 2.0%

TBBK stock opened at $65.65 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 13.71 and a beta of 1.29. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $81.65. 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 company has a fifty day simple moving average of $69.52 and a 200 day simple moving average of $65.75.

Bancorp (NASDAQ:TBBK) last issued its quarterly 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 business had revenue of $134.82 million during the quarter, compared to analyst estimates of $99.60 million. Bancorp had a net margin of 26.15% and a return on equity of 27.97%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Insider Transactions at Bancorp

In related news, CFO Dominic C. Canuso bought 1,800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of $61.24 per share, with a total value 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. The trade was a 105.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregor J. Garry sold 12,532 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $75.14, for a total transaction of $941,654.48. Following the completion of the sale, the chief operating officer directly owned 110,107 shares of the company’s stock, valued at approximately $8,273,439.98. This trade represents a 10.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.60% of the company’s stock.

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.