Systematic Alpha Investments LLC Acquires Shares of 3,800 The Bancorp, Inc. $TBBK

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 acquired a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,800 shares of the bank's stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Bancorp during the first quarter worth about $39,000. Brooklyn Investment Group purchased a new stake in shares of Bancorp during the first quarter worth about $58,000. GAMMA Investing LLC grew its stake in Bancorp by 45.2% in 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 during the period. Harvest Fund Management Co. Ltd purchased a new stake in Bancorp in the 1st quarter worth approximately $169,000. Finally, EntryPoint Capital LLC purchased a new stake in Bancorp in the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

Analysts Set New Price Targets

TBBK has been the subject of a number of recent analyst reports. Barclays reaffirmed a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a report on Monday, July 7th. Oppenheimer restated an "outperform" rating on shares of Bancorp in a report on Friday, July 18th. Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $62.00.

Bancorp Trading Down 1.7%

Shares of NASDAQ:TBBK traded down $1.28 during trading on Tuesday, reaching $75.28. 503,212 shares of the stock were exchanged, compared to its average volume of 612,330. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $80.16. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 16.19 and a beta of 1.36. The firm's 50-day moving average price is $67.67 and its 200 day moving average price is $56.95.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. The company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Activity at Bancorp

In other news, COO Gregor J. Garry sold 12,532 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $75.14, for a total value of $941,654.48. Following the completion of the sale, the chief operating officer owned 110,107 shares of the company's stock, valued at $8,273,439.98. This represents a 10.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Cohn purchased 550 shares of the firm's stock in a transaction on Monday, August 4th. The stock was bought at an average price of $63.51 per share, with a total value of $34,930.50. Following the acquisition, the director owned 1,900 shares in the company, valued at $120,669. This trade represents a 40.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,462 shares of company stock worth $157,786 and sold 313,000 shares worth $20,238,468. 5.20% of the stock is owned by insiders.

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.