The Bancorp, Inc. $TBBK Position Cut by Nantahala Capital Management LLC

Key Points

• Nantahala Capital Management LLC has reduced its stake in The Bancorp, Inc. by 15.0%, owning 828,503 shares after selling 145,952 shares during the first quarter.
• The Bancorp reported an earnings per share (EPS) of $1.27 for the last quarter, surpassing analysts' estimates of $1.26, along with a revenue of $138 million, significantly exceeding expectations.
• Institutional investors and hedge funds own approximately 96.22% of Bancorp's stock, indicating strong institutional confidence in the company.

Nantahala Capital Management LLC trimmed its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 828,503 shares of the bank's stock after selling 145,952 shares during the period. Bancorp comprises about 1.7% of Nantahala Capital Management LLC's portfolio, making the stock its 7th largest holding. Nantahala Capital Management LLC owned approximately 1.73% of Bancorp worth $43,778,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in Bancorp in the 1st quarter worth about $39,000. Brooklyn Investment Group purchased a new position in Bancorp in the 1st quarter worth approximately $58,000. GAMMA Investing LLC lifted its stake in Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after purchasing an additional 456 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Bancorp in the 1st quarter worth approximately $169,000. Finally, EntryPoint Capital LLC purchased a new position in Bancorp in the 1st quarter worth approximately $208,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating and issued a $52.00 target price on shares of Bancorp in a research note on Friday, July 18th. Barclays reissued a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a research note on Friday, July 11th. Oppenheimer reissued an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Finally, Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. 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. Based on data from MarketBeat.com, Bancorp currently has a consensus rating of "Buy" and a consensus price target of $62.00.

Bancorp Trading Down 1.0%

Shares of TBBK stock traded down $0.73 during trading on Friday, hitting $75.80. 433,689 shares of the stock traded hands, compared to its average volume of 610,684. The firm has a market capitalization of $3.49 billion, a P/E ratio of 16.30 and a beta of 1.36. 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 firm's fifty day moving average price is $66.93 and its 200-day moving average price is $56.71. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $80.16.

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

Insider Buying and Selling

In other Bancorp news, 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 $41,261,337.44. The trade was 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 business's stock in a transaction on Monday, August 4th. The stock was purchased at an average cost 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 $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 three months, insiders acquired 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 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.