EntryPoint Capital LLC Invests $208,000 in The Bancorp, Inc. $TBBK

Key Points

• EntryPoint Capital LLC acquired a new stake in The Bancorp, Inc. during the first quarter, buying 3,937 shares valued at approximately $208,000.
• Insider trading showed CEO Damian Kozlowski sold 39,659 shares worth about $2.49 million, while Director Matthew Cohn purchased 550 shares, increasing his stake by 40.74%.
• The Bancorp recently reported quarterly earnings with an EPS of $1.27, exceeding estimates, and the stock is currently trading at around $72.73, showing a growth of 7.7%.

EntryPoint Capital LLC purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,937 shares of the bank's stock, valued at approximately $208,000.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Bancorp during the 1st quarter valued at about $58,000. GAMMA Investing LLC grew its stake in shares of Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock valued at $77,000 after acquiring an additional 456 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Bancorp during the 1st quarter valued at approximately $169,000. Ethic Inc. bought a new position in shares of Bancorp during the 4th quarter valued at approximately $209,000. Finally, Entropy Technologies LP bought a new position in shares of Bancorp during the 1st quarter valued at approximately $209,000. 96.22% of the stock is currently owned by institutional investors.

Bancorp Price Performance

Shares of TBBK traded down $0.65 during mid-day trading on Friday, hitting $77.24. 113,652 shares of the stock were exchanged, compared to its average volume of 592,545. The company has a market cap of $3.56 billion, a PE ratio of 16.61 and a beta of 1.30. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $78.50. The firm has a 50-day moving average of $64.37 and a two-hundred day moving average of $56.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results 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. 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 analyst estimates of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, equities analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a research note on Monday, July 7th. Raymond James Financial upgraded Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Barclays reiterated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Oppenheimer reiterated an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Finally, Morgan Stanley restated an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $62.00.

Insider Buying and Selling at Bancorp

In other news, CEO Damian Kozlowski sold 141,213 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total transaction of $9,156,250.92. Following the transaction, the chief executive officer owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. This represents a 14.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Cohn acquired 1,350 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of $64.80 per share, for a total transaction of $87,480.00. Following the transaction, the director owned 1,350 shares of the company's stock, valued at $87,480. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. Corporate insiders own 5.60% 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.