Advantage Alpha Capital Partners LP Decreases 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 decreased its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 60.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,773 shares of the bank's stock after selling 7,409 shares during the period. Advantage Alpha Capital Partners LP's holdings in Bancorp were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TBBK. Invesco Ltd. boosted its position in shares of Bancorp by 20.7% during the 1st quarter. Invesco Ltd. now owns 2,712,975 shares of the bank's stock valued at $143,354,000 after purchasing an additional 466,139 shares in the last quarter. Nantahala Capital Management LLC boosted its position in shares of Bancorp by 65.7% during the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank's stock valued at $51,286,000 after purchasing an additional 386,295 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Bancorp by 741.9% during the 1st quarter. Jupiter Asset Management Ltd. now owns 428,942 shares of the bank's stock valued at $22,665,000 after purchasing an additional 377,993 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Bancorp by 599.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank's stock valued at $19,390,000 after purchasing an additional 315,772 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Bancorp by 9.8% during the 1st quarter. American Century Companies Inc. now owns 2,628,832 shares of the bank's stock valued at $138,908,000 after purchasing an additional 235,303 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Stock Up 2.0%

Shares of Bancorp stock traded up $1.45 on Monday, hitting $74.18. The company had a trading volume of 1,204,452 shares, compared to its average volume of 670,648. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.95 and a beta of 1.30. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $74.96. The stock has a 50 day moving average of $62.79 and a 200-day moving average of $55.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group upgraded Bancorp to a "buy" rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods restated 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 restated 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, Oppenheimer restated an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $62.00.

Insider Activity at Bancorp

In related news, CEO Damian Kozlowski sold 39,659 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Cohn purchased 550 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $63.51 per share, with a total value of $34,930.50. Following the completion of the transaction, the director directly owned 1,900 shares of the company's stock, valued at $120,669. The trade was a 40.74% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 2,462 shares of company stock valued at $157,786 and sold 300,000 shares valued at $19,260,310. Corporate insiders own 5.20% of the company's stock.

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.