Squarepoint Ops LLC Boosts Holdings in The Bancorp, Inc. $TBBK

Squarepoint Ops LLC raised its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 1,000.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,934 shares of the bank's stock after purchasing an additional 49,940 shares during the period. Squarepoint Ops LLC owned 0.13% of Bancorp worth $3,441,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Bank of America Corp DE lifted its stake in Bancorp by 104.5% in the 1st quarter. Bank of America Corp DE now owns 426,613 shares of the bank's stock valued at $22,922,000 after buying an additional 218,038 shares in the last quarter. Kendall Capital Management purchased a new position in Bancorp during the second quarter worth $1,014,000. Principal Financial Group Inc. increased its position in Bancorp by 8.3% during the first quarter. Principal Financial Group Inc. now owns 352,786 shares of the bank's stock worth $18,955,000 after buying an additional 27,058 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Bancorp in the first quarter worth $3,592,000. Finally, Sei Investments Co. raised its holdings in shares of Bancorp by 71.8% in the first quarter. Sei Investments Co. now owns 63,715 shares of the bank's stock worth $3,423,000 after acquiring an additional 26,618 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Performance

Bancorp stock opened at $50.63 on Friday. The firm has a market capitalization of $2.07 billion, a P/E ratio of 9.52 and a beta of 1.18. The stock has a fifty day moving average price of $66.40 and a 200 day moving average price of $59.88. The Bancorp, Inc. has a 52 week low of $48.41 and a 52 week high of $81.65. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million for the quarter, compared to analyst estimates of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Equities research analysts anticipate that The Bancorp, Inc. will post 6.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings raised Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $79.00 price objective (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Raymond James Financial set a $88.00 target price on shares of Bancorp in a research note on Friday, August 7th. Bank of America restated a "buy" rating on shares of Bancorp in a report on Monday, July 20th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $86.00 price target (up from $70.00) on shares of Bancorp in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Bancorp has a consensus rating of "Moderate Buy" and an average target price of $71.17.

Insider Buying and Selling at Bancorp

In other news, CAO Martin Egan sold 3,057 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $72.03, for a total transaction of $220,195.71. Following the transaction, the chief accounting officer directly owned 30,219 shares in the company, valued at $2,176,674.57. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.00% of the stock is currently owned by insiders.

Bancorp Company Profile

The Bancorp, Inc is a financial holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, National Association, the company provides banking and payment solutions primarily to financial technology companies, non-bank businesses and institutional clients.

The company's services include sponsor banking, deposit accounts, payment cards, automated clearing house (ACH) processing, prepaid and commercial card programs, merchant services, and other payment-processing capabilities.

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