12,745 Shares in The Bancorp, Inc. $TBBK Bought 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 acquired a new position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 12,745 shares of the bank's stock, valued at approximately $673,000.

Several other hedge funds also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Bancorp by 20.7% during the first quarter. Invesco Ltd. now owns 2,712,975 shares of the bank's stock valued at $143,354,000 after purchasing an additional 466,139 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Bancorp by 3.6% in the fourth quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock worth $51,783,000 after purchasing an additional 33,943 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Bancorp by 7.9% in the fourth quarter. Deutsche Bank AG now owns 889,550 shares of the bank's stock worth $46,817,000 after purchasing an additional 65,179 shares during the last quarter. Emerald Advisers LLC raised its stake in shares of Bancorp by 63.1% in the first quarter. Emerald Advisers LLC now owns 548,269 shares of the bank's stock worth $28,971,000 after purchasing an additional 212,102 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bancorp by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 456,613 shares of the bank's stock worth $24,127,000 after purchasing an additional 10,468 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Matthew Cohn acquired 550 shares of the firm's stock in a transaction on Monday, August 4th. The shares were acquired at an average cost 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 in the company, valued at approximately $120,669. This trade represents a 40.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Damian Kozlowski sold 39,659 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total value of $2,488,205.66. Following the completion of the sale, the chief executive officer owned 657,656 shares in the company, valued at approximately $41,261,337.44. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 2,462 shares of company stock worth $157,786 and have sold 300,000 shares worth $19,260,310. Corporate insiders own 5.20% of the company's stock.

Bancorp Price Performance

Shares of NASDAQ TBBK traded up $0.30 during mid-day trading on Wednesday, reaching $76.28. The company's stock had a trading volume of 589,681 shares, compared to its average volume of 614,301. The firm has a market capitalization of $3.51 billion, a PE ratio of 16.40 and a beta of 1.36. 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 stock has a fifty day moving average of $66.18 and a two-hundred day moving average of $56.50. The Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $78.50.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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