Bancorp (NASDAQ:TBBK) Reaches New 12-Month High - Should You Buy?

Key Points

• Bancorp's shares reached a new 52-week high of $80.19, trading at $79.35 with significant trading volume of 663,657 shares.
• Analysts have mixed ratings for Bancorp, with one selling recommendation, five buy ratings, and a consensus price target of $62.00.
• Insider trading activity included a director purchasing 1,350 shares at $64.80 and a COO selling 12,532 shares at $75.14, indicating significant insider transactions both buying and selling.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $80.19 and last traded at $79.35, with a volume of 663657 shares traded. The stock had previously closed at $76.98.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TBBK. Wall Street Zen cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a report on Monday, July 7th. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Oppenheimer reaffirmed an "outperform" rating on shares of Bancorp in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $62.00.

Bancorp Trading Up 3.4%

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's fifty day simple moving average is $69.64 and its two-hundred day simple moving average is $57.81. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 17.12 and a beta of 1.36.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. The business 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, equities analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Insider Buying and Selling at Bancorp

In other Bancorp news, Director Matthew Cohn bought 1,350 shares of the stock in a transaction dated Tuesday, July 29th. The shares were acquired at an average cost of $64.80 per share, for a total transaction of $87,480.00. Following the completion of the transaction, the director owned 1,350 shares in the company, valued at approximately $87,480. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gregor J. Garry sold 12,532 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $75.14, for a total transaction of $941,654.48. Following the transaction, the chief operating officer owned 110,107 shares in the company, valued at approximately $8,273,439.98. This trade represents a 10.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 2,462 shares of company stock valued at $157,786 and have sold 322,841 shares valued at $20,990,025. Insiders own 5.60% of the company's stock.

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 purchased a new position in Bancorp in the 2nd quarter valued at $53,000. Brooklyn Investment Group purchased a new position in Bancorp in the 1st quarter valued at $58,000. GAMMA Investing LLC grew its position in Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock valued at $77,000 after buying an additional 456 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Bancorp in the 1st quarter valued at $169,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

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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