Jump Financial LLC Trims Stock Position in The Bancorp, Inc. $TBBK

Key Points

• Jump Financial LLC reduced its stake in The Bancorp, Inc. by 13.8%, selling 3,985 shares and now owns 24,920 shares, which is valued at approximately $1.3 million.
• Institutional investors hold 96.22% of Bancorp's stock, with several firms including Allspring Global Investments and GAMMA Investing significantly increasing their holdings in the first quarter.
• Analysts have diverse ratings on Bancorp, reflecting a consensus recommendation of Buy, with a target price of $62.00, while some firms have upgraded their ratings following recent performance.

Jump Financial LLC cut its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,920 shares of the bank's stock after selling 3,985 shares during the period. Jump Financial LLC owned approximately 0.05% of Bancorp worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Bancorp during the 1st quarter valued at about $58,000. GAMMA Investing LLC raised its holdings in shares of Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after purchasing an additional 456 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Bancorp in the 1st quarter worth approximately $169,000. EntryPoint Capital LLC bought a new stake in shares of Bancorp in the 1st quarter worth approximately $208,000. Finally, Ethic Inc. bought a new stake in Bancorp during the 4th quarter valued at $209,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Trading Down 0.4%

TBBK stock traded down $0.29 during trading on Tuesday, reaching $75.96. The company had a trading volume of 286,323 shares, compared to its average volume of 593,157. The Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $78.50. The company has a market cap of $3.50 billion, a P/E ratio of 16.34 and a beta of 1.36. The business has a 50 day moving average of $65.33 and a 200 day moving average of $56.23. 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 released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping 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 during 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 forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TBBK shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research report on Monday, July 7th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One equities research 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, the stock has an average rating of "Buy" and a consensus target price of $62.00.

Insider Activity at Bancorp

In other news, CEO Damian Kozlowski sold 39,659 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $62.74, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matthew Cohn acquired 550 shares of the stock in a transaction on Monday, August 4th. The stock was bought at an average cost of $63.51 per share, with a total value of $34,930.50. Following the completion of the transaction, the director owned 1,900 shares in the company, valued at $120,669. This trade represents a 40.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. Company insiders own 5.20% of the company's stock.

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.