The Bancorp, Inc. $TBBK Shares Sold by Vanguard Group Inc.

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. decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,248,872 shares of the bank's stock after selling 54,202 shares during the quarter. Vanguard Group Inc. owned approximately 6.77% of Bancorp worth $171,670,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Bancorp during the first quarter worth about $518,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Bancorp by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 16,752 shares of the bank's stock worth $897,000 after purchasing an additional 5,872 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Bancorp by 2.8% during the first quarter. Principal Financial Group Inc. now owns 313,095 shares of the bank's stock worth $16,544,000 after purchasing an additional 8,486 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Bancorp by 7,572.1% during the first quarter. GAMMA Investing LLC now owns 77,411 shares of the bank's stock worth $4,090,000 after buying an additional 76,402 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Bancorp by 44.8% during the first quarter. Teacher Retirement System of Texas now owns 11,472 shares of the bank's stock worth $606,000 after buying an additional 3,552 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TBBK shares. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Finally, Morgan Stanley reissued an "overweight" rating and set a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $62.00.

Bancorp Stock Performance

TBBK traded up $1.0290 during trading on Tuesday, reaching $75.2090. The company's stock had a trading volume of 42,608 shares, compared to its average volume of 589,868. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $75.15. The company's fifty day moving average price is $62.79 and its 200-day moving average price is $55.69. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 16.16 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.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The company 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. On average, equities analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Activity at Bancorp

In other 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 transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Cohn purchased 550 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $63.51 per share, for a total transaction of $34,930.50. Following the purchase, the director directly owned 1,900 shares in the company, valued at approximately $120,669. This 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 have bought 2,462 shares of company stock worth $157,786 and have sold 300,000 shares worth $19,260,310. 5.20% of the stock is owned by insiders.

Bancorp Company 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.