Epoch Investment Partners Inc. Decreases Stake 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. lessened its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,977 shares of the bank's stock after selling 9,823 shares during the quarter. Epoch Investment Partners Inc. owned about 0.13% of Bancorp worth $3,328,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of 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 boosted its position 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 last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Bancorp during the 1st quarter valued at about $169,000. EntryPoint Capital LLC bought a new stake in shares of Bancorp during the 1st quarter valued at about $208,000. Finally, Ethic Inc. bought a new stake in shares of Bancorp during the 4th quarter valued at about $209,000. Institutional investors own 96.22% of the company's stock.

Bancorp Trading Down 2.1%

Bancorp stock traded down $1.64 during trading hours on Monday, reaching $76.24. The company had a trading volume of 485,759 shares, compared to its average volume of 642,598. 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 company has a 50-day moving average price of $64.88 and a 200 day moving average price of $56.12. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 16.40 and a beta of 1.36. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $78.50.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share 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 analyst estimates 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 analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Activity at Bancorp

In related news, CEO Damian Kozlowski sold 39,659 shares of Bancorp stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the sale, the chief executive officer directly owned 657,656 shares in the company, valued at $41,261,337.44. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Cohn purchased 550 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $63.51 per share, for a total transaction of $34,930.50. Following the completion of the transaction, the director directly owned 1,900 shares of the company's stock, valued at $120,669. This represents a 40.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,462 shares of company stock worth $157,786 and have sold 300,000 shares worth $19,260,310. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating and set a $52.00 price target on shares of Bancorp in a research report on Friday, July 18th. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a report on Friday, July 11th. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $62.00.

Bancorp 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.