12,745 Shares in The Bancorp, Inc. $TBBK Purchased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC invested approximately $673,000 by purchasing 12,745 shares of The Bancorp, Inc. during the first quarter, indicating growing interest from institutional investors.
• Analysts provided mixed ratings for The Bancorp, with one firm downgrading the stock to a "sell," while others maintained or upgraded their "buy" or "outperform" ratings, resulting in an average rating of "Buy."
• CEO Damian Kozlowski sold over 39,000 shares of Bancorp stock, marking a 5.69% decrease in his holdings, while Director Matthew Cohn increased his position by purchasing 550 shares.

HighTower Advisors LLC purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,745 shares of the bank's stock, valued at approximately $673,000.

Other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in shares of Bancorp during the first quarter valued at $518,000. Allspring Global Investments Holdings LLC raised its stake in shares of Bancorp by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,752 shares of the bank's stock valued at $897,000 after acquiring an additional 5,872 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Bancorp by 2.8% during the first quarter. Principal Financial Group Inc. now owns 313,095 shares of the bank's stock valued at $16,544,000 after acquiring an additional 8,486 shares during the last quarter. GAMMA Investing LLC raised its stake in Bancorp by 7,572.1% during the first quarter. GAMMA Investing LLC now owns 77,411 shares of the bank's stock worth $4,090,000 after buying an additional 76,402 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Bancorp by 44.8% during the first quarter. Teacher Retirement System of Texas now owns 11,472 shares of the bank's stock worth $606,000 after buying an additional 3,552 shares during the last quarter. Institutional investors own 96.22% of the company's stock.

Insider Transactions at Bancorp

In other news, CEO Damian Kozlowski sold 141,213 shares of Bancorp stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Cohn purchased 1,350 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the completion of the acquisition, the director owned 1,350 shares of the company's stock, valued at $87,480. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 2,462 shares of company stock valued at $157,786 and have sold 300,000 shares valued at $19,260,310. 5.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $62.00.

Bancorp Stock Down 2.1%

Shares of NASDAQ TBBK traded down $1.64 during mid-day trading on Monday, reaching $76.24. 485,759 shares of the company's stock traded hands, compared to its average volume of 642,598. The stock has a market cap of $3.51 billion, a P/E ratio of 16.40 and a beta of 1.36. The business has a 50-day simple moving average of $64.88 and a 200 day simple moving average of $56.12. 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.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued 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. The firm had revenue of $138.00 million during the quarter, compared to analysts' expectations of $94.87 million. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

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.