Capital Fund Management S.A. Takes $999,000 Position in The Bancorp, Inc. $TBBK

Key Points

• Capital Fund Management S.A. acquired a new stake in The Bancorp, Inc. by purchasing 18,906 shares valued at approximately $999,000 in the first quarter, reflecting increasing institutional interest in the company.
• Bancorp's CEO Damian Kozlowski sold 39,659 shares on July 31st, reducing his ownership by 5.69%, while Director Matthew Cohn increased his stake by 40.74% with a purchase of 550 shares.
• The Bancorp reported $1.27 earnings per share for the quarter, surpassing analysts' expectations, and has a current consensus rating of "Buy" with a price target of $62.00.

Capital Fund Management S.A. acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 18,906 shares of the bank's stock, valued at approximately $999,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of Bancorp by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after purchasing an additional 408 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Bancorp during the 4th quarter worth $1,087,000. Aquatic Capital Management LLC boosted its holdings in shares of Bancorp by 293.4% during the 4th quarter. Aquatic Capital Management LLC now owns 24,801 shares of the bank's stock worth $1,305,000 after buying an additional 18,496 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Bancorp by 514.8% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 178,931 shares of the bank's stock worth $9,417,000 after buying an additional 149,828 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Bancorp by 599.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank's stock worth $19,390,000 after buying an additional 315,772 shares during the period. Institutional investors and hedge funds own 96.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TBBK. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Wall Street Zen cut shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley restated an "overweight" rating and issued a $52.00 price objective on shares of Bancorp in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Bancorp currently has an average rating of "Buy" and an average target price of $62.00.

Bancorp Price Performance

Shares of Bancorp stock traded down $1.64 during mid-day trading on Monday, reaching $76.24. 485,759 shares of the stock were exchanged, compared to its average volume of 642,598. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 16.40 and a beta of 1.36. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The firm has a 50-day simple moving average of $64.88 and a 200 day simple moving average of $56.12. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $78.50.

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, beating 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 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, sell-side analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Insider Activity

In other Bancorp news, CEO Damian Kozlowski sold 39,659 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $62.74, for a total value of $2,488,205.66. Following the completion of the sale, the chief executive officer owned 657,656 shares in the company, valued at approximately $41,261,337.44. This trade represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Cohn acquired 550 shares of the 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 transaction, the director directly owned 1,900 shares in the company, valued at approximately $120,669. This represents a 40.74% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 2,462 shares of company stock valued at $157,786 and sold 300,000 shares valued at $19,260,310. Company insiders own 5.20% 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.