Bancorp (NASDAQ:TBBK) COO Gregor J. Garry Sells 12,532 Shares

Key Points

• Gregor Garry, COO of Bancorp, sold 12,532 shares at an average price of $75.14, totaling approximately $941,654.48, and reduced his ownership by 10.22%.
• Bancorp reported a Q2 EPS of $1.27, exceeding expectations, with revenue of $138 million compared to anticipated $94.87 million.
• A significant portion of Bancorp's stock, 96.22%, is held by hedge funds and institutional investors, reflecting strong professional interest in the company.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) COO Gregor J. Garry sold 12,532 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $75.14, for a total value of $941,654.48. Following the completion of the sale, the chief operating officer owned 110,107 shares in the company, valued at $8,273,439.98. The trade was a 10.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bancorp Stock Performance

TBBK stock traded down $0.71 during mid-day trading on Friday, reaching $75.95. The company had a trading volume of 486,137 shares, compared to its average volume of 621,856. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.50 billion, a P/E ratio of 16.33 and a beta of 1.36. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $80.16. The stock's 50-day simple moving average is $68.72 and its two-hundred day simple moving average is $57.37.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued 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 net margin of 27.16% and a return on equity of 27.24%. The business had revenue of $138.00 million for the quarter, compared to analysts' expectations of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Research analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. 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. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. 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 given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $62.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in Bancorp during the first quarter worth about $39,000. Lazard Asset Management LLC acquired a new position in Bancorp during the second quarter worth about $53,000. Brooklyn Investment Group purchased a new position in Bancorp in the 1st quarter worth about $58,000. GAMMA Investing LLC increased 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. Finally, Harvest Fund Management Co. Ltd purchased a new position in Bancorp in the 1st quarter worth about $169,000. 96.22% of the stock is owned by institutional investors and hedge funds.

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.