The Bancorp, Inc. $TBBK Holdings Trimmed by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in The Bancorp, Inc. by 1.5%, owning 587,442 shares valued at approximately $31 million after selling 8,780 shares in the first quarter.
• Several institutional investors are actively trading shares of Bancorp, with Public Sector Pension Investment Board increasing its position by 26.7% during the same quarter.
• Bancorp reported $1.27 earnings per share for the latest quarter, surpassing analysts' expectations, and set a FY 2025 guidance of 5.250 EPS.

Northern Trust Corp decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 587,442 shares of the bank's stock after selling 8,780 shares during the quarter. Northern Trust Corp owned about 1.23% of Bancorp worth $31,040,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Brooklyn Investment Group bought a new stake in Bancorp in the 1st quarter valued at about $58,000. American Century Companies Inc. raised its holdings in shares of Bancorp by 9.8% during the first 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. Lord Abbett & CO. LLC boosted its position in shares of Bancorp by 8.8% during the first quarter. Lord Abbett & CO. LLC now owns 187,587 shares of the bank's stock worth $9,912,000 after buying an additional 15,108 shares during the period. HighTower Advisors LLC bought a new position in Bancorp in the 1st quarter worth approximately $673,000. Finally, Public Sector Pension Investment Board increased its position in Bancorp by 26.7% in the 1st quarter. Public Sector Pension Investment Board now owns 151,273 shares of the bank's stock valued at $7,993,000 after acquiring an additional 31,891 shares during the period. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Price Performance

Bancorp stock traded up $0.12 during midday trading on Thursday, hitting $76.40. The company's stock had a trading volume of 48,571 shares, compared to its average volume of 591,437. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $80.16. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $3.52 billion, a PE ratio of 16.45 and a beta of 1.36. The stock's 50-day moving average price is $66.18 and its 200-day moving average price is $56.50.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Bancorp

In related news, Director Matthew Cohn bought 1,350 shares of Bancorp stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average cost of $64.80 per share, with a total value of $87,480.00. Following the completion of the acquisition, the director directly owned 1,350 shares in the company, valued at approximately $87,480. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Damian Kozlowski sold 141,213 shares of the stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total value of $9,156,250.92. Following the completion of the transaction, the chief executive officer owned 816,443 shares of the company's stock, valued at $52,938,164.12. This trade represents a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TBBK has been the subject of a number of analyst reports. Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Oppenheimer reaffirmed an "outperform" rating 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. Finally, Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.