Entropy Technologies LP Invests $209,000 in The Bancorp, Inc. $TBBK

Key Points

• Entropy Technologies LP acquired approximately $209,000 worth of shares in The Bancorp, Inc., purchasing 3,963 shares during the first quarter of the year.
• Insider trading activity includes CEO Damian Kozlowski selling 141,213 shares valued at over $9 million, while Director Matthew Cohn bought 1,350 shares, indicating mixed sentiment among company executives.
• Research analysts hold a consensus rating of "Moderate Buy" for Bancorp, with a price target range between $52.00 and $65.00, indicative of positive market sentiment.

Entropy Technologies LP bought a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,963 shares of the bank's stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its stake in Bancorp by 1.2% in the first quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock worth $1,017,000 after purchasing an additional 236 shares during the period. Napa Wealth Management grew its stake in shares of Bancorp by 3.8% in the fourth quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock worth $365,000 after acquiring an additional 255 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Bancorp by 3.3% in the first quarter. First Hawaiian Bank now owns 12,136 shares of the bank's stock worth $641,000 after acquiring an additional 385 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Bancorp by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after acquiring an additional 408 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of 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 acquiring an additional 418 shares during the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Stock Performance

Shares of NASDAQ:TBBK traded up $1.06 during midday trading on Thursday, reaching $67.53. 581,568 shares of the company's stock traded hands, compared to its average volume of 770,815. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 14.52 and a beta of 1.30. 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 one year low of $40.51 and a one year high of $70.63. The stock has a 50 day moving average of $61.86 and a 200 day moving average of $55.62.

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

Insider Transactions at Bancorp

In other news, Director Matthew Cohn bought 1,350 shares of the stock in a transaction on Tuesday, July 29th. The shares were bought at an average price of $64.80 per share, with a total value of $87,480.00. Following the completion of the acquisition, the director owned 1,350 shares in the company, valued at $87,480. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly owned 816,443 shares in the company, valued at $52,938,164.12. This trade represents a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TBBK shares. Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a research note on Friday, July 11th. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. One 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price 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.