The Bancorp, Inc. $TBBK Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in The Bancorp, Inc. by 5.4%, owning approximately 3.80% of the company worth about $96.25 million.
• Insider trading activity included Director Matthew Cohn buying 550 shares, while CEO Damian Kozlowski sold 39,659 shares, reflecting a decrease in his ownership by 5.69%.
• Analysts generally view TBBK favorably, with ratings ranging from "Buy" to "Strong Buy," and a consensus price target of $62.00.

Wellington Management Group LLP increased its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,821,497 shares of the bank's stock after buying an additional 93,586 shares during the quarter. Wellington Management Group LLP owned about 3.80% of Bancorp worth $96,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its position in Bancorp by 52.1% in the 4th quarter. LPL Financial LLC now owns 9,230 shares of the bank's stock worth $486,000 after purchasing an additional 3,163 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Bancorp by 3.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after purchasing an additional 408 shares in the last quarter. Bank of Montreal Can boosted its position in Bancorp by 8.1% in the 4th quarter. Bank of Montreal Can now owns 5,565 shares of the bank's stock worth $293,000 after purchasing an additional 418 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Bancorp in the 4th quarter worth approximately $3,474,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Bancorp in the 4th quarter worth approximately $1,087,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Price Performance

NASDAQ TBBK traded up $0.96 during mid-day trading on Wednesday, hitting $76.78. The stock had a trading volume of 229,633 shares, compared to its average volume of 592,439. The firm's 50 day moving average is $63.31 and its 200 day moving average is $55.82. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month high of $77.20. 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 stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 16.51 and a beta of 1.30.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The business had revenue of $138.00 million during 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 forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Transactions at Bancorp

In other Bancorp news, Director Matthew Cohn bought 550 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price 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 in the company, valued at $120,669. This trade represents a 40.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,488,205.66. Following the sale, the chief executive officer 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 disclosure for this sale can be found here. Over the last three months, insiders have purchased 2,462 shares of company stock valued at $157,786 and have sold 300,000 shares valued at $19,260,310. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TBBK. Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a research report on Monday, July 7th. Morgan Stanley reiterated an "overweight" rating and set a $52.00 target price on shares of Bancorp in a research report on Friday, July 18th. Raymond James Financial upgraded Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One equities research 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 company's stock. According to MarketBeat.com, Bancorp presently has an average 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.