Bancorp (NASDAQ:TBBK) Reaches New 1-Year High - What's Next?

Key Points

• Bancorp Inc. reached a new 52-week high of $77.25, reflecting strong market performance with a recent trading price of $76.89.
• Analysts show mixed opinions on Bancorp's stock, with Barclays and Jefferies issuing buy ratings, while Wall Street Zen downgraded it to sell.
• Insider trading activity included CEO Damian Kozlowski selling over 141,000 shares, while Director Matthew Cohn purchased shares, highlighting varied confidence among top executives.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.25 and last traded at $76.89, with a volume of 793693 shares. The stock had previously closed at $75.82.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays reaffirmed a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $52.00 target price on shares of Bancorp in a report on Friday, July 18th. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bancorp has a consensus rating of "Buy" and an average price target of $62.00.

Bancorp Price Performance

The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 16.54 and a beta of 1.30. The company has a 50-day moving average of $63.83 and a 200-day moving average of $55.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $138.00 million for the quarter, compared to analysts' expectations of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 27.16%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. As a group, equities research analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Activity

In related news, CEO Damian Kozlowski sold 141,213 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total value of $9,156,250.92. Following the transaction, the chief executive officer owned 816,443 shares in the company, valued at $52,938,164.12. The trade was a 14.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Matthew Cohn purchased 1,350 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the transaction, the director directly owned 1,350 shares in the company, valued at $87,480. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Ethic Inc. increased its position in Bancorp by 4.5% in the 2nd quarter. Ethic Inc. now owns 4,177 shares of the bank's stock valued at $239,000 after acquiring an additional 178 shares during the period. SummerHaven Investment Management LLC increased its position in Bancorp by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock worth $1,017,000 after purchasing an additional 236 shares during the period. California State Teachers Retirement System increased its position in Bancorp by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 42,929 shares of the bank's stock worth $2,446,000 after purchasing an additional 253 shares during the period. Napa Wealth Management increased its position in Bancorp by 3.8% during the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock worth $365,000 after purchasing an additional 255 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Bancorp by 1.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the bank's stock worth $923,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 96.22% 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.

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