216,063 Shares in The Bancorp, Inc. $TBBK Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 216,063 shares of The Bancorp, Inc. valued at approximately $11.4 million, increasing its ownership to 0.45% of the bank.
• In recent insider transactions, CEO Damian Kozlowski sold 141,213 shares, resulting in a 14.75% decrease in his ownership stake.
• The Bancorp reported a net margin of 27.16% and surpassed analysts' earnings expectations, with reported earnings of $1.27 per share for the last quarter.

Nuveen LLC acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 216,063 shares of the bank's stock, valued at approximately $11,417,000. Nuveen LLC owned 0.45% of Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock valued at $77,000 after buying an additional 456 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Bancorp in the first quarter worth approximately $169,000. Entropy Technologies LP bought a new stake in Bancorp in the first quarter valued at approximately $209,000. Ethic Inc. acquired a new stake in Bancorp during the 4th quarter valued at approximately $209,000. Finally, Yorktown Management & Research Co Inc bought a new position in Bancorp during the 1st quarter worth approximately $227,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Bancorp Stock Up 2.0%

Shares of NASDAQ TBBK traded up $1.45 during mid-day trading on Monday, reaching $74.18. 1,204,452 shares of the company's stock traded hands, compared to its average volume of 670,648. 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 business has a 50-day simple moving average of $62.79 and a 200 day simple moving average of $55.69. The stock has a market cap of $3.42 billion, a P/E ratio of 15.95 and a beta of 1.30. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $74.96.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. The firm had revenue of $138.00 million during the quarter, compared to analyst estimates of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 27.16%. 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.

Insider Buying and Selling

In other Bancorp news, CEO Damian Kozlowski sold 39,659 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the completion of the sale, the chief executive officer directly owned 657,656 shares of the company's stock, valued at approximately $41,261,337.44. The trade was a 5.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew Cohn acquired 550 shares of the firm's stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $63.51 per share, with a total value of $34,930.50. Following the purchase, the director owned 1,900 shares in the company, valued at approximately $120,669. The trade was a 40.74% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,462 shares of company stock valued at $157,786 and have sold 300,000 shares valued at $19,260,310. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

TBBK has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a report on Monday, July 7th. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. Finally, Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.