Siena Capital Partners GP LLC Makes New Investment in The Bancorp, Inc. $TBBK

Key Points

• Siena Capital Partners GP LLC has acquired a new position in The Bancorp, Inc. by purchasing 20,000 shares, valued at approximately $1,057,000, during the first quarter.
• Insider trading activity includes CEO Damian Kozlowski selling 141,213 shares for over $9 million, while director Matthew Cohn purchased 1,350 shares, indicating mixed sentiment among insiders.
• The Bancorp reported earnings of $1.27 per share for the latest quarter, exceeding estimates, and set fiscal year 2025 guidance at 5.250 EPS.

Siena Capital Partners GP LLC bought a new position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the bank's stock, valued at approximately $1,057,000.

A number of other institutional investors have also recently added to or reduced their stakes in TBBK. Quarry LP acquired a new stake in Bancorp in the first quarter worth approximately $39,000. Brooklyn Investment Group acquired a new stake in Bancorp in the first quarter worth approximately $58,000. GAMMA Investing LLC lifted its position in Bancorp by 45.2% in the first 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 acquired a new stake in shares of Bancorp during the 1st quarter valued at $169,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Bancorp during the 1st quarter valued at $208,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Down 1.7%

NASDAQ:TBBK traded down $1.28 during trading hours on Tuesday, hitting $75.28. 503,212 shares of the stock traded hands, compared to its average volume of 612,330. The firm has a 50 day moving average price of $67.67 and a 200 day moving average price of $56.95. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $80.16. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 16.19 and a beta of 1.36.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TBBK shares. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a research report on Friday, July 11th. 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. Finally, Jefferies Financial Group upgraded Bancorp to a "buy" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $62.00.

Insider Transactions at Bancorp

In other news, CEO Damian Kozlowski sold 141,213 shares of the company's 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 transaction, the chief executive officer directly owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. This represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregor J. Garry sold 12,532 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $75.14, for a total transaction of $941,654.48. Following the completion of the transaction, the chief operating officer directly owned 110,107 shares in the company, valued at $8,273,439.98. This trade represents a 10.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 2,462 shares of company stock valued at $157,786 and have sold 313,000 shares valued at $20,238,468. 5.20% of the stock is currently owned by company insiders.

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.