Quantbot Technologies LP Sells 26,811 Shares of The Bancorp, Inc. $TBBK

Key Points

• Quantbot Technologies LP reduced its stake in The Bancorp, Inc. by 71.5% in the first quarter, selling 26,811 shares, leaving it with a total of 10,699 shares valued at $565,000.
• Insider trading activity includes CEO Damian Kozlowski selling 39,659 shares, while Director Matthew Cohn purchased 550 shares, increasing his position by 40.74%.
• The Bancorp reported earnings of $1.27 per share for the last quarter, exceeding analysts' expectations, and the company set a fiscal year 2025 guidance of 5.250 EPS.

Quantbot Technologies LP lowered its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 71.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,699 shares of the bank's stock after selling 26,811 shares during the quarter. Quantbot Technologies LP's holdings in Bancorp were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Bancorp in the first quarter worth approximately $58,000. GAMMA Investing LLC boosted its stake in Bancorp by 45.2% in the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after buying an additional 456 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Bancorp in the first quarter worth approximately $169,000. Ethic Inc. purchased a new stake in Bancorp in the fourth quarter worth approximately $209,000. Finally, Entropy Technologies LP purchased a new stake in Bancorp in the first quarter worth approximately $209,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Trading Down 2.1%

Shares of Bancorp stock traded down $1.64 during midday trading on Friday, reaching $76.24. 485,759 shares of the company's stock traded hands, compared to its average volume of 642,598. 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 company has a market cap of $3.51 billion, a PE ratio of 16.40 and a beta of 1.36. The stock has a 50 day moving average of $64.88 and a 200-day moving average of $56.12. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $78.50.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.01. The company 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, equities analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TBBK has been the subject of a number of analyst reports. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. Morgan Stanley reissued an "overweight" rating and set a $52.00 price objective on shares of Bancorp in a research note on Friday, July 18th. Finally, Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Bancorp currently has an average rating of "Buy" and an average price target of $62.00.

Insider Buying and Selling

In other Bancorp news, Director Matthew Cohn bought 1,350 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the completion of the acquisition, the director directly owned 1,350 shares in the company, valued at $87,480. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Damian Kozlowski sold 141,213 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total value of $9,156,250.92. Following the transaction, the chief executive officer owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. This represents a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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 owned by corporate insiders.

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.