EntryPoint Capital LLC Purchases New Stake 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 The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,937 shares of the bank's stock, valued at approximately $208,000.

Several other hedge funds have also recently bought and sold shares of the business. Credit Agricole S A raised its holdings in Bancorp by 86.8% in the first quarter. Credit Agricole S A now owns 33,457 shares of the bank's stock valued at $1,768,000 after buying an additional 15,551 shares during the period. Hsbc Holdings PLC raised its holdings in Bancorp by 158.7% in the first quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank's stock valued at $946,000 after buying an additional 11,037 shares during the period. Pinnacle Wealth Management LLC purchased a new position in Bancorp in the first quarter valued at approximately $722,000. Wellington Management Group LLP raised its holdings in Bancorp by 5.4% in the first quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank's stock valued at $96,248,000 after buying an additional 93,586 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Bancorp in the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

Insider Buying and Selling

In other news, CEO Damian Kozlowski sold 39,659 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the completion of the sale, the chief executive officer owned 657,656 shares of the company's stock, valued at approximately $41,261,337.44. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Cohn purchased 550 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $63.51 per share, with a total value of $34,930.50. Following the transaction, the director directly owned 1,900 shares of the company's stock, 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 three months, insiders have bought 2,462 shares of company stock valued at $157,786 and have sold 300,000 shares valued at $19,260,310. 5.60% of the stock is currently owned by company insiders.

Bancorp Trading Up 7.7%

TBBK opened at $72.73 on Friday. The firm has a market capitalization of $3.35 billion, a P/E ratio of 15.64 and a beta of 1.30. The firm's 50 day moving average is $62.31 and its 200-day moving average is $55.65. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $72.87. 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 posted its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.01. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. 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. Analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Oppenheimer restated an "outperform" rating on shares of Bancorp in a report on Friday, July 18th. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Barclays reiterated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. Finally, Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $62.00.

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.

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