Vanguard Group Inc. Cuts Stock Position in The Bancorp, Inc. $TBBK

Key Points

• Vanguard Group Inc. reduced its stake in The Bancorp, Inc. by 1.6%, now holding approximately 3.25 million shares valued at $171 million.
• Other institutional investors, such as LPL Financial LLC and Envestnet Asset Management Inc., have increased their holdings in Bancorp, indicating ongoing interest in the stock.
• The Bancorp reported earnings of $1.27 per share, surpassing analyst expectations of $1.26, and has set its FY 2025 guidance at 5.250 EPS.

Vanguard Group Inc. lessened its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,248,872 shares of the bank's stock after selling 54,202 shares during the quarter. Vanguard Group Inc. owned about 6.77% of Bancorp worth $171,670,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TBBK. GAMMA Investing LLC lifted its stake in shares of 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 during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Bancorp in the 1st quarter worth approximately $169,000. Ethic Inc. bought a new position in shares of Bancorp in the 4th quarter worth approximately $209,000. Yorktown Management & Research Co Inc bought a new position in shares of Bancorp in the 1st quarter worth approximately $227,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Bancorp in the 1st quarter worth approximately $236,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

Insiders Place Their Bets

In related news, CEO Damian Kozlowski sold 141,213 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Cohn bought 1,350 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was acquired at an average cost of $64.80 per share, with a total value of $87,480.00. Following the completion of the acquisition, the director owned 1,350 shares of the company's stock, valued at $87,480. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,462 shares of company stock valued at $157,786 and sold 300,000 shares valued at $19,260,310. Company insiders own 5.20% of the company's stock.

Bancorp Price Performance

Shares of Bancorp stock traded up $1.64 on Tuesday, hitting $75.82. 837,605 shares of the company traded hands, compared to its average volume of 682,875. The stock has a market capitalization of $3.49 billion, a P/E ratio of 16.31 and a beta of 1.30. 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 Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $76.19. The business has a 50-day simple moving average of $63.31 and a 200 day simple moving average of $55.82.

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

Analyst Upgrades and Downgrades

TBBK has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Finally, Wall Street Zen cut shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $62.00.

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.