20,000 Shares in The Bancorp, Inc. $TBBK Bought by Siena Capital Partners GP LLC

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 shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the bank's stock, valued at approximately $1,057,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Bancorp during the first quarter worth about $39,000. Brooklyn Investment Group bought a new position in Bancorp during the first quarter worth about $58,000. GAMMA Investing LLC boosted its position in Bancorp by 45.2% during 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 bought a new position in Bancorp during the first quarter worth about $169,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Bancorp in the first quarter worth about $208,000. Institutional investors own 96.22% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a report on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Wall Street Zen downgraded shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $62.00.

Insider Activity at Bancorp

In other Bancorp news, CEO Damian Kozlowski sold 39,659 shares of Bancorp stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the transaction, the chief executive officer directly owned 657,656 shares of the company's stock, valued at approximately $41,261,337.44. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Cohn purchased 550 shares of the firm's stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $63.51 per share, for a total transaction of $34,930.50. Following the completion of the purchase, the director directly owned 1,900 shares of the company's stock, valued at approximately $120,669. This represents a 40.74% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 2,462 shares of company stock valued at $157,786 and sold 322,841 shares valued at $20,990,025. 5.60% of the stock is owned by corporate insiders.

Bancorp Price Performance

TBBK traded down $0.24 on Friday, reaching $76.42. The company had a trading volume of 145,097 shares, compared to its average volume of 590,383. The business has a 50 day simple moving average of $68.38 and a 200 day simple moving average of $57.23. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 16.43 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. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $80.16.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.01. The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $94.87 million. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current year.

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.