Bancorp (NASDAQ:TBBK) COO Sells $36,504.00 in Stock

Key Points

• Bancorp COO Gregor Garry sold 468 shares at an average price of $78.00, totaling $36,504, resulting in a 0.38% decrease in his ownership of the company.
• Bancorp's stock increased by 1.0% on Monday, reaching $76.56, with a market cap of $3.53 billion and a trading volume of 901,987 shares.
• The company reported earnings of $1.27 per share for the last quarter, exceeding analysts' expectations and setting an FY 2025 guidance of 5.250 EPS.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) COO Gregor Garry sold 468 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $78.00, for a total transaction of $36,504.00. Following the completion of the transaction, the chief operating officer owned 122,639 shares in the company, valued at $9,565,842. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bancorp Stock Up 1.0%

Bancorp stock traded up $0.76 during mid-day trading on Monday, hitting $76.56. The company had a trading volume of 901,987 shares, compared to its average volume of 594,891. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 16.46 and a beta of 1.36. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $80.16. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $66.93 and a 200 day moving average of $56.68.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $138.00 million for the quarter, compared to analyst estimates of $94.87 million. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, sell-side analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Bancorp in the 1st quarter valued at $39,000. Lazard Asset Management LLC acquired a new stake in Bancorp in the second quarter valued at $53,000. Brooklyn Investment Group acquired a new stake in Bancorp in the first quarter valued at $58,000. GAMMA Investing LLC lifted its holdings in Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock valued at $77,000 after acquiring an additional 456 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Bancorp in the first quarter valued at $169,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TBBK shares. Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Morgan Stanley restated an "overweight" rating and set a $52.00 target price on shares of Bancorp in a research report on Friday, July 18th. Finally, Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.00.

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.

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