Charles Schwab Investment Management Inc. Purchases 10,468 Shares of The Bancorp, Inc. $TBBK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in The Bancorp, Inc. by **2.3%**, owning **456,613 shares** valued at approximately **$24.13 million**.
• Various institutional investors, including Nantahala Capital Management and Jupiter Asset Management, significantly raised their stakes in Bancorp, with some increasing their holdings by up to **741.9%** in the first quarter.
• The Bancorp reported **$1.27 earnings per share** for the last quarter, surpassing analysts' expectations and projecting a consensus target price of **$62.00** from researchers.

Charles Schwab Investment Management Inc. boosted its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,613 shares of the bank's stock after acquiring an additional 10,468 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Bancorp worth $24,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of TBBK. LPL Financial LLC lifted its stake in shares of Bancorp by 52.1% during the fourth quarter. LPL Financial LLC now owns 9,230 shares of the bank's stock worth $486,000 after purchasing an additional 3,163 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Bancorp by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after buying an additional 408 shares during the period. Bank of Montreal Can lifted its position in Bancorp by 8.1% in the fourth quarter. Bank of Montreal Can now owns 5,565 shares of the bank's stock worth $293,000 after purchasing an additional 418 shares during the period. Raymond James Financial Inc. acquired a new stake in Bancorp in the fourth quarter worth approximately $3,474,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Bancorp in the fourth quarter worth approximately $1,087,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Insider Activity

In other news, CEO Damian Kozlowski sold 141,213 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total value of $9,156,250.92. Following the completion of the transaction, the chief executive officer owned 816,443 shares in the company, valued at $52,938,164.12. This trade represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Cohn purchased 1,350 shares of Bancorp stock in a transaction that occurred on Tuesday, July 29th. The shares were acquired at an average price of $64.80 per share, with a total value of $87,480.00. Following the acquisition, the director directly owned 1,350 shares of the company's stock, valued at $87,480. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,462 shares of company stock valued at $157,786 and sold 300,000 shares valued at $19,260,310. 5.20% of the stock is owned by company insiders.

Bancorp Trading Up 2.2%

Bancorp stock traded up $1.64 during mid-day trading on Tuesday, hitting $75.82. 837,605 shares of the company's stock were exchanged, compared to its average volume of 682,875. The company's 50 day simple moving average is $63.31 and its 200-day simple moving average is $55.82. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $76.19. The firm has a market capitalization of $3.49 billion, a P/E ratio of 16.31 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.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. On average, equities analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TBBK has been the topic of several recent analyst reports. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Oppenheimer reaffirmed 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, Morgan Stanley reissued an "overweight" rating and issued a $52.00 target price on shares of Bancorp in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Bancorp currently has an average rating of "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.