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 J. Garry sold 468 shares of the company's stock in a transaction dated Friday, September 5th. The stock was 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 of the company's stock, valued at approximately $9,565,842. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bancorp Price Performance

NASDAQ TBBK traded down $0.71 during trading hours on Friday, hitting $75.95. 486,137 shares of the company's stock traded hands, compared to its average volume of 621,856. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $80.16. The company has a market capitalization of $3.50 billion, a PE ratio of 16.33 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The firm's 50-day moving average is $68.72 and its 200-day moving average is $57.39.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $138.00 million during the quarter, compared to analysts' expectations 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. Equities analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of TBBK. Invesco Ltd. grew its position in Bancorp by 20.7% in the 1st quarter. Invesco Ltd. now owns 2,712,975 shares of the bank's stock valued at $143,354,000 after buying an additional 466,139 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Bancorp by 741.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 428,942 shares of the bank's stock valued at $22,665,000 after buying an additional 377,993 shares in the last quarter. American Century Companies Inc. lifted its holdings in Bancorp by 9.8% in the 1st quarter. American Century Companies Inc. now owns 2,628,832 shares of the bank's stock valued at $138,908,000 after acquiring an additional 235,303 shares during the last quarter. Nuveen LLC acquired a new stake in Bancorp in the 1st quarter valued at about $11,417,000. Finally, Emerald Advisers LLC lifted its holdings in Bancorp by 63.1% in the 1st quarter. Emerald Advisers LLC now owns 548,269 shares of the bank's stock valued at $28,971,000 after acquiring an additional 212,102 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TBBK. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $65.00 price objective on shares of Bancorp in a report on Friday, July 11th. Morgan Stanley restated an "overweight" rating and issued a $52.00 price objective on shares of Bancorp in a report on Friday, July 18th. Barclays restated a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Finally, Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Bancorp presently has an average rating of "Buy" and a consensus target price 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.