The Bancorp, Inc. $TBBK Holdings Cut by Jump Financial LLC

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 trimmed its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its position in 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 purchasing an additional 466,139 shares during the period. American Century Companies Inc. boosted its position in Bancorp by 9.8% in the 1st quarter. American Century Companies Inc. now owns 2,628,832 shares of the bank's stock valued at $138,908,000 after buying an additional 235,303 shares during the last quarter. Wellington Management Group LLP boosted its position in Bancorp by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank's stock valued at $96,248,000 after buying an additional 93,586 shares during the last quarter. Janus Henderson Group PLC boosted its position in Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock valued at $51,783,000 after buying an additional 33,943 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Bancorp by 7.9% in 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 during the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bancorp

In other Bancorp news, Director Matthew Cohn bought 1,350 shares of Bancorp stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost 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 approximately $87,480. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Damian Kozlowski sold 141,213 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total transaction of $9,156,250.92. Following the sale, the chief executive officer owned 816,443 shares of the company's stock, valued at $52,938,164.12. The trade was a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 2,462 shares of company stock valued at $157,786 and sold 300,000 shares valued at $19,260,310. Company insiders own 5.20% of the company's stock.

Bancorp Stock Performance

Shares of NASDAQ:TBBK traded up $0.10 during trading hours on Wednesday, hitting $76.08. The stock had a trading volume of 72,702 shares, compared to its average volume of 591,599. The stock's fifty day simple moving average is $65.76 and its 200 day simple moving average is $56.36. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $78.50. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.37 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TBBK. Wall Street Zen cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Morgan Stanley restated an "overweight" rating and issued a $52.00 target price on shares of Bancorp in a research note on Friday, July 18th. Finally, Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Bancorp has a consensus rating of "Buy" and a consensus target price 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.