Damian Kozlowski Sells 119,128 Shares of The Bancorp, Inc. (NASDAQ:TBBK) Stock

Key Points

• Damian Kozlowski, CEO of The Bancorp, Inc., sold 119,128 shares of stock at an average price of $63.93, totaling approximately $7.6 million, which represents a 14.59% reduction in his position.
• Following several trades, Kozlowski directly owns 697,315 shares valued at about $44.6 million.
• The Bancorp's stock is up 0.3% to $63.16, with a market cap of $2.95 billion and a PE ratio of 13.58.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) CEO Damian Kozlowski sold 119,128 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $63.93, for a total value of $7,615,853.04. Following the completion of the transaction, the chief executive officer directly owned 697,315 shares in the company, valued at approximately $44,579,347.95. This trade represents a 14.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Damian Kozlowski also recently made the following trade(s):

• On Thursday, July 31st, Damian Kozlowski sold 39,659 shares of Bancorp stock. The shares were sold at an average price of $62.74, for a total value of $2,488,205.66.
• On Tuesday, July 29th, Damian Kozlowski sold 141,213 shares of Bancorp stock. The shares were sold at an average price of $64.84, for a total transaction of $9,156,250.92.

Bancorp Stock Up 0.3%

TBBK stock traded up $0.17 during trading hours on Thursday, hitting $63.16. The company's stock had a trading volume of 777,351 shares, compared to its average volume of 584,954. The stock has a 50 day moving average price of $57.35 and a two-hundred day moving average price of $54.56. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $70.63. 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 company has a market capitalization of $2.95 billion, a PE ratio of 13.58 and a beta of 1.25.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. The firm had revenue of $138.00 million during the quarter, compared to analysts' expectations of $94.87 million. Bancorp had a net margin of 32.85% and a return on equity of 27.24%. On average, equities research analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Institutional Investors Weigh In On Bancorp

Several hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in Bancorp during the first quarter worth about $39,000. Brooklyn Investment Group acquired a new position in Bancorp in the first quarter valued at $58,000. GAMMA Investing LLC lifted its stake in Bancorp by 45.2% in the first 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 period. New Age Alpha Advisors LLC acquired a new position in Bancorp during the 4th quarter worth approximately $139,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Bancorp during the second quarter valued at approximately $170,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TBBK. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Morgan Stanley reissued an "overweight" rating and set a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $65.00 price objective on shares of Bancorp in a report on Friday, July 11th. Finally, Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Bancorp Company Profile

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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