Bancorp (NASDAQ:TBBK) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Bancorp shares crossed above their 200-day moving average, reaching $67.38 before closing at $65.00; the stock’s 200-day average is $59.71.
• Analysts remain generally bullish, with a consensus “Moderate Buy” rating and an average price target of $71.17. Recent targets range from $79 to $88, while Piper Sandler raised its target to $86.
• Bancorp exceeded quarterly EPS expectations, reporting $1.45 versus the $1.36 consensus, although revenue of $137.74 million fell short of the $166.69 million estimate. Institutional investors own 96.22% of the stock, while an executive recently sold 3,057 shares.

Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.71 and traded as high as $67.38. Bancorp shares last traded at $65.00, with a volume of 267,631 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TBBK shares. Bank of America reiterated a "buy" rating on shares of Bancorp in a research note on Monday, July 20th. Weiss Ratings raised Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Raymond James Financial set a $88.00 target price on Bancorp in a research report on Friday, August 7th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Finally, Piper Sandler reissued an "overweight" rating and set a $86.00 price target (up from $70.00) on shares of Bancorp in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.17.

Bancorp Trading Down 1.1%

The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 12.22 and a beta of 1.19. The firm's 50 day moving average is $66.66 and its two-hundred day moving average is $59.71. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.30.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million for the quarter, compared to analysts' expectations of $166.69 million. Bancorp had a net margin of 27.72% and a return on equity of 32.32%. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Equities analysts anticipate that The Bancorp, Inc. will post 6.02 EPS for the current year.

Insider Transactions at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the transaction, the chief accounting officer owned 30,219 shares in the company, valued at $2,176,674.57. The trade was a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bancorp

Several large investors have recently added to or reduced their stakes in TBBK. Royal Bank of Canada boosted its holdings in shares of Bancorp by 98.2% during the first quarter. Royal Bank of Canada now owns 76,696 shares of the bank's stock valued at $4,052,000 after acquiring an additional 37,993 shares during the period. AQR Capital Management LLC lifted its position in Bancorp by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 16,734 shares of the bank's stock valued at $884,000 after purchasing an additional 2,296 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bancorp by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,183 shares of the bank's stock valued at $1,436,000 after buying an additional 518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Bancorp by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank's stock worth $7,795,000 after acquiring an additional 8,454 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Bancorp by 145.8% in the first quarter. Jane Street Group LLC now owns 128,173 shares of the bank's stock worth $6,773,000 after purchasing an additional 76,027 shares during the period. 96.22% of the stock is owned by institutional investors and hedge funds.

About Bancorp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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