The Bancorp, Inc. $TBBK Stock Holdings Trimmed by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC trimmed its stake in The Bancorp by 66% in Q4, selling 28,296 shares and leaving it with 14,584 shares valued at about $985,000.
• Company insiders increased holdings recently—Director Mark E. Tryniski bought 5,000 shares and Director Matthew Cohn bought 680 shares—bringing insiders' ownership to about 5.6% after 9,080 shares purchased in the last 90 days.
• Wall Street consensus is a Moderate Buy with a consensus price target of $59.50, though analyst views range from Hold to Strong Buy and individual targets span roughly $57–$66.

SG Americas Securities LLC lowered its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 66.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,584 shares of the bank's stock after selling 28,296 shares during the period. SG Americas Securities LLC's holdings in Bancorp were worth $985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of Bancorp by 8.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the bank's stock worth $157,000 after buying an additional 169 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Bancorp by 78.6% during the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank's stock worth $30,000 after buying an additional 176 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of Bancorp by 2.0% during the 3rd quarter. Arete Wealth Advisors LLC now owns 9,551 shares of the bank's stock worth $715,000 after buying an additional 191 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Bancorp by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank's stock worth $318,000 after buying an additional 197 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in shares of Bancorp by 213.6% during the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank's stock worth $26,000 after buying an additional 235 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Insider Activity at Bancorp

In related news, Director Matthew Cohn purchased 680 shares of the firm's stock in a transaction on Tuesday, February 10th. The shares were bought at an average cost of $62.14 per share, for a total transaction of $42,255.20. Following the transaction, the director directly owned 3,655 shares of the company's stock, valued at approximately $227,121.70. This trade represents a 22.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark E. Tryniski purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 4th. The stock was bought at an average price of $60.23 per share, for a total transaction of $301,150.00. Following the completion of the transaction, the director directly owned 18,966 shares in the company, valued at approximately $1,142,322.18. The trade was a 35.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 9,080 shares of company stock valued at $548,933. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TBBK. Piper Sandler started coverage on shares of Bancorp in a research report on Thursday, March 12th. They set an "overweight" rating and a $66.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $57.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Bancorp in a research note on Friday, March 27th. Bank of America set a $60.00 price objective on Bancorp in a research note on Wednesday, January 21st. Finally, Wolfe Research set a $57.00 price objective on Bancorp in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.50.

Bancorp Stock Performance

Shares of TBBK stock opened at $58.35 on Friday. The stock's 50-day moving average is $55.83 and its two-hundred day moving average is $64.81. The Bancorp, Inc. has a fifty-two week low of $41.46 and a fifty-two week high of $81.65. The firm has a market cap of $2.46 billion, a P/E ratio of 11.86 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.86.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.18). The firm had revenue of $132.21 million during the quarter, compared to analyst estimates of $101.10 million. Bancorp had a net margin of 25.94% and a return on equity of 28.91%. Analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Bancorp Profile

The Bancorp, Inc NASDAQ: TBBK is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company's product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.

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