Cetera Investment Advisers Sells 21,439 Shares of The Bancorp, Inc. $TBBK

Key Points

• Cetera Investment Advisers cut its Bancorp position by 50%, selling 21,439 shares and retaining 21,471 shares worth approximately $1.15 million. Institutional investors collectively own 96.22% of the company.
• Bancorp reported quarterly EPS of $1.45, beating the $1.36 consensus estimate, although revenue of $137.74 million fell short of the $166.69 million forecast.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and recent price targets ranging from $79 to $88. Shares were trading at $69.14, down 0.5%.

Cetera Investment Advisers lowered its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,471 shares of the bank's stock after selling 21,439 shares during the quarter. Cetera Investment Advisers owned about 0.05% of Bancorp worth $1,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in shares of Bancorp during the fourth quarter worth $27,000. Lazard Asset Management LLC bought a new position in shares of Bancorp during the second quarter valued at approximately $53,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bancorp by 732.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank's stock valued at $56,000 after acquiring an additional 659 shares during the period. Kestra Advisory Services LLC purchased a new position in Bancorp in the fourth quarter valued at about $68,000. Finally, Covestor Ltd grew its position in shares of Bancorp by 99.9% in the 4th quarter. Covestor Ltd now owns 2,029 shares of the bank's stock worth $137,000 after buying an additional 1,014 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Martin Egan sold 3,057 shares of the firm's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the sale, the chief accounting officer directly owned 30,219 shares in the company, valued at approximately $2,176,674.57. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company's stock.

Bancorp Trading Down 0.5%

Shares of Bancorp stock opened at $69.14 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87. The stock's 50 day simple moving average is $63.92 and its 200-day simple moving average is $59.38. The stock has a market cap of $2.82 billion, a P/E ratio of 13.00 and a beta of 1.19. The Bancorp, Inc. has a 1-year low of $50.20 and a 1-year high of $81.65.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.09. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.The business had revenue of $137.74 million during the quarter, compared to the consensus estimate of $166.69 million. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Analysts predict that The Bancorp, Inc. will post 6.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. Raymond James Financial set a $88.00 price target on Bancorp in a research report on Friday, August 7th. Bank of America reaffirmed a "buy" rating on shares of Bancorp in a report on Monday, July 20th. Piper Sandler reaffirmed an "overweight" rating and issued a $86.00 price target (up from $70.00) on shares of Bancorp in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.17.

Bancorp Profile

The Bancorp, Inc NASDAQ: TBBK is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company's product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.

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