Epoch Investment Partners Inc. Lowers Stock Holdings in The Bancorp, Inc. $TBBK

Key Points

• Epoch Investment Partners Inc. reduced its stake in The Bancorp, Inc. by 13.5%, leaving them with a holdings valued at $3.33 million as of their latest SEC filing.
• Other institutional investors, including Credit Agricole S A and Hsbc Holdings PLC, have significantly increased their positions in The Bancorp, indicating a strong interest among hedge funds in the company's stock.
• The Bancorp reported earnings of $1.27 per share for the last quarter, slightly exceeding analysts' expectations, and has set a fiscal year 2025 EPS guidance of 5.250.

Epoch Investment Partners Inc. reduced its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,977 shares of the bank's stock after selling 9,823 shares during the period. Epoch Investment Partners Inc. owned approximately 0.13% of Bancorp worth $3,328,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. raised its holdings in shares of Bancorp by 20.7% during the 1st quarter. Invesco Ltd. now owns 2,712,975 shares of the bank's stock worth $143,354,000 after acquiring an additional 466,139 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Bancorp by 9.8% in the 1st quarter. American Century Companies Inc. now owns 2,628,832 shares of the bank's stock worth $138,908,000 after buying an additional 235,303 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Bancorp by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank's stock worth $96,248,000 after buying an additional 93,586 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock worth $51,783,000 after buying an additional 33,943 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Bancorp by 7.9% during the 4th quarter. Deutsche Bank AG now owns 889,550 shares of the bank's stock valued at $46,817,000 after buying an additional 65,179 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Price Performance

TBBK stock opened at $75.98 on Wednesday. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $78.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a market capitalization of $3.50 billion, a PE ratio of 16.34 and a beta of 1.36. The business has a 50 day simple moving average of $65.76 and a 200-day simple moving average of $56.36.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. The firm had revenue of $138.00 million for the quarter, compared to the consensus estimate of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 27.16%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Equities research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Damian Kozlowski sold 39,659 shares of the 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Cohn bought 550 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $63.51 per share, with a total value of $34,930.50. Following the acquisition, the director directly owned 1,900 shares in the company, valued at $120,669. The trade was a 40.74% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TBBK has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Morgan Stanley reissued an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial upgraded Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. One 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's stock. According to 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.