Insider Buying: The Bancorp, Inc. (NASDAQ:TBBK) Director Buys 476 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) Director Matthew Cohn bought 476 shares of Bancorp stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $32.51 per share, with a total value of $15,474.76. Following the acquisition, the director now directly owns 53,307 shares in the company, valued at $1,733,010.57. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Matthew Cohn also recently made the following trade(s):

• On Wednesday, May 1st, Matthew Cohn acquired 230 shares of Bancorp stock. The stock was purchased at an average price of $30.25 per share, with a total value of $6,957.50.
• On Friday, March 15th, Matthew Cohn bought 2,485 shares of Bancorp stock. The shares were purchased at an average cost of $34.21 per share, for a total transaction of $85,011.85.

Bancorp Price Performance

Bancorp stock traded up $0.37 during mid-day trading on Monday, hitting $32.29. 486,832 shares of the company traded hands, compared to its average volume of 657,683. The Bancorp, Inc. has a one year low of $28.41 and a one year high of $47.11. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The stock has a fifty day moving average price of $34.52 and a 200-day moving average price of $37.87.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Friday, April 26th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same quarter last year, the firm earned $0.88 earnings per share. On average, equities analysts predict that The Bancorp, Inc. will post 4.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bancorp

Hedge funds have recently bought and sold shares of the stock. Carmel Capital Partners LLC bought a new stake in shares of Bancorp in the 3rd quarter worth approximately $34,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Bancorp in the 3rd quarter worth approximately $88,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Bancorp in the 3rd quarter worth approximately $103,000. Quest Partners LLC bought a new stake in shares of Bancorp in the 4th quarter worth approximately $115,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Bancorp in the third quarter worth about $157,000. 96.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TBBK has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, April 29th. Raymond James boosted their target price on Bancorp from $42.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods lowered their price target on Bancorp from $52.00 to $46.00 and set an "outperform" rating on the stock in a report on Friday, April 5th.

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.