Bancorp (NASDAQ:TBBK) Stock Rating Lowered by Weiss Ratings

Key Points

• Weiss Ratings has downgraded Bancorp's stock from a "buy (b-)" to a "hold (c+)" rating amidst mixed reviews from other equities analysts, with some maintaining higher ratings and target prices.
• Bancorp recently reported $1.27 EPS, exceeding analyst expectations and achieving a revenue of $138 million for the quarter, well above projected estimates.
• Insider trading activity indicates significant movement, with management selling over 322,000 shares while also seeing insider purchases, reflecting a complex view of the company's stock value.

Bancorp (NASDAQ:TBBK - Get Free Report) was downgraded by equities researchers at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley reaffirmed an "overweight" rating and set a $52.00 target price on shares of Bancorp in a research report on Friday, July 18th. Oppenheimer reiterated an "outperform" rating on shares of Bancorp in a report on Friday, July 18th. Barclays reiterated a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $62.00.

Bancorp Stock Up 0.2%

Shares of Bancorp stock opened at $76.62 on Wednesday. The stock's fifty day moving average is $72.78 and its 200-day moving average is $60.34. The firm has a market capitalization of $3.53 billion, a PE ratio of 16.48 and a beta of 1.31. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. Bancorp has a 12-month low of $40.51 and a 12-month high of $80.76.

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 company had revenue of $138.00 million for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Bancorp will post 5.31 earnings per share for the current year.

Insider Transactions at Bancorp

In other Bancorp news, EVP Ryan Harris sold 9,841 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $76.37, for a total value of $751,557.17. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at $9,897,399.26. The trade was a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Matthew Cohn bought 1,350 shares of the stock in a transaction on Tuesday, July 29th. The stock was purchased at an average price of $64.80 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,462 shares of company stock worth $157,786 and have sold 322,841 shares worth $20,990,025. 5.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Bancorp

Large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Bancorp during the 1st quarter worth about $39,000. Lazard Asset Management LLC bought a new stake in shares of Bancorp during the 2nd quarter worth about $53,000. Brooklyn Investment Group bought a new stake in shares of Bancorp during the 1st quarter worth about $58,000. GAMMA Investing LLC boosted its stake in shares of Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after acquiring an additional 456 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Bancorp during the 2nd quarter worth about $170,000. Institutional investors 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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