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

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $80.76 and last traded at $77.50, with a volume of 575258 shares. The stock had previously closed at $78.71.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. Morgan Stanley reissued an "overweight" rating and issued a $52.00 target price on shares of Bancorp in a report on Friday, July 18th. Barclays reissued a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Finally, Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. One 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, Bancorp presently has an average rating of "Buy" and a consensus target price of $62.00.

Bancorp Trading Down 1.5%

The firm has a market capitalization of $3.57 billion, a PE ratio of 16.67 and a beta of 1.36. The business has a 50 day moving average price of $70.76 and a 200-day moving average price of $58.57. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate 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. Analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Transactions at Bancorp

In other news, Director Matthew Cohn acquired 1,350 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of $64.80 per share, with a total value of $87,480.00. Following the purchase, the director directly owned 1,350 shares of the company's stock, valued at approximately $87,480. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Damian Kozlowski sold 141,213 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total value of $9,156,250.92. Following the completion of the transaction, the chief executive officer directly owned 816,443 shares of the company's stock, valued at $52,938,164.12. The trade was a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,462 shares of company stock valued at $157,786 and sold 322,841 shares valued at $20,990,025. Corporate insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Bancorp

Hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new position in Bancorp in the 1st quarter valued at approximately $39,000. Lazard Asset Management LLC acquired a new stake in Bancorp during the 2nd quarter valued at $53,000. Brooklyn Investment Group acquired a new stake in Bancorp during the 1st quarter valued at $58,000. GAMMA Investing LLC grew its holdings in Bancorp by 45.2% during 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 acquired a new stake in Bancorp during the 1st quarter valued at $169,000. 96.22% of the stock is 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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