Advantage Alpha Capital Partners LP Trims Stock Position in The Bancorp, Inc. $TBBK

Key Points

• Advantage Alpha Capital Partners LP significantly reduced its stake in The Bancorp, Inc. by 60.8%, owning 4,773 shares valued at approximately $252,000 after selling 7,409 shares in the first quarter.
• Several institutional investors increased their holdings in Bancorp, with Jupiter Asset Management showing the largest growth at 741.9% during the first quarter.
• The Bancorp reported earnings of $1.27 per share for the previous quarter, exceeding analysts' expectations and reflecting strong revenue growth of $138 million.

Advantage Alpha Capital Partners LP lowered its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,773 shares of the bank's stock after selling 7,409 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in Bancorp were worth $252,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. SummerHaven Investment Management LLC raised its holdings in shares of Bancorp by 1.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock valued at $1,017,000 after purchasing an additional 236 shares in the last quarter. Napa Wealth Management raised its holdings in shares of Bancorp by 3.8% in the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock valued at $365,000 after purchasing an additional 255 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Bancorp by 3.3% in the 1st quarter. First Hawaiian Bank now owns 12,136 shares of the bank's stock valued at $641,000 after purchasing an additional 385 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Bancorp by 3.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock valued at $635,000 after purchasing an additional 408 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 96.22% of the company's stock.

Insider Activity

In other news, CEO Damian Kozlowski sold 39,659 shares of Bancorp stock in a transaction dated Thursday, July 31st. The shares were 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 in the company, valued at $41,261,337.44. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Cohn bought 550 shares of the company's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $63.51 per share, for a total transaction of $34,930.50. Following the transaction, the director owned 1,900 shares of the company's stock, valued at approximately $120,669. This trade represents a 40.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TBBK shares. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. Morgan Stanley reissued 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 raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research report on Monday, July 7th. Finally, Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $62.00.

Bancorp Stock Performance

Shares of NASDAQ:TBBK traded up $0.90 during midday trading on Thursday, reaching $77.79. The company's stock had a trading volume of 165,138 shares, compared to its average volume of 593,400. The firm has a market capitalization of $3.58 billion, a PE ratio of 16.72 and a beta of 1.30. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month high of $77.96. The stock has a fifty day moving average of $63.83 and a 200 day moving average of $55.97. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings data 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. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. The company had revenue of $138.00 million during the quarter, compared to analysts' expectations of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, equities analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal 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.