3,800 Shares in The Bancorp, Inc. $TBBK Bought by Systematic Alpha Investments LLC

Key Points

• Systematic Alpha Investments LLC acquired 3,800 shares of The Bancorp, Inc. valued at approximately $201,000 during the first quarter.
• Several analysts have upgraded Bancorp, with Jefferies Financial Group and Raymond James Financial rating it as a "buy", and Morgan Stanley setting a target price of $52.00.
• CEO Damian Kozlowski sold 141,213 shares for over $9 million, while Director Matthew Cohn bought 1,350 shares, indicating mixed insider sentiment.

Systematic Alpha Investments LLC purchased a new position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,800 shares of the bank's stock, valued at approximately $201,000.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Bancorp in the first quarter worth about $39,000. Brooklyn Investment Group bought a new position in shares of Bancorp in the first quarter worth about $58,000. GAMMA Investing LLC grew its holdings in shares of Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after purchasing an additional 456 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Bancorp in the first quarter worth about $169,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Bancorp in the 1st quarter valued at about $208,000. 96.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TBBK has been the subject of a number of analyst reports. Morgan Stanley reissued an "overweight" rating and set a $52.00 target price on shares of Bancorp in a research report on Friday, July 18th. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research report on Monday, July 7th. Wall Street Zen cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $62.00.

Bancorp Stock Performance

TBBK traded down $0.35 during trading on Friday, reaching $76.31. 187,629 shares of the company's stock were exchanged, compared to its average volume of 590,673. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $80.16. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market capitalization of $3.51 billion, a P/E ratio of 16.43 and a beta of 1.36. The company's fifty day simple moving average is $68.38 and its 200-day simple moving average is $57.23.

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

Insider Activity

In other news, Director Matthew Cohn purchased 550 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $63.51 per share, with a total value of $34,930.50. Following the completion of the acquisition, the director owned 1,900 shares of the company's stock, valued at approximately $120,669. This represents a 40.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Damian Kozlowski sold 39,659 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total value of $2,488,205.66. Following the transaction, the chief executive officer owned 657,656 shares in the company, valued at $41,261,337.44. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 5.60% of the company's stock.

Bancorp 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.