Ryan Harris Sells 9,841 Shares of Bancorp (NASDAQ:TBBK) Stock

Key Points

• Ryan Harris, EVP of Bancorp, sold 9,841 shares of the company at an average price of $76.37, totaling approximately $751,557, which decreased his ownership by 7.06%.
• Bancorp's stock recently traded at $76.66, showing a 0.9% increase, with a market capitalization of $3.53 billion and a P/E ratio of 16.49.
• Wall Street analysts have generally rated Bancorp positively, with a consensus rating of Buy and an average price target of $62.00.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) EVP Ryan Harris sold 9,841 shares of the company's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $76.37, for a total transaction of $751,557.17. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at $9,897,399.26. The trade was a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bancorp Price Performance

Shares of NASDAQ TBBK traded down $0.69 on Tuesday, hitting $75.83. The company's stock had a trading volume of 423,817 shares, compared to its average volume of 619,843. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.31 and a beta of 1.36. The stock has a 50 day moving average of $69.33 and a 200-day moving average of $57.67. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $80.16.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.01. The business had revenue of $138.00 million for the quarter, compared to the consensus estimate 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. As a group, research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Ratings Changes

TBBK has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an "outperform" rating on shares of Bancorp in a research note on Friday, July 18th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a report on Monday, July 7th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Morgan Stanley restated an "overweight" rating and set a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. One 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $62.00.

Institutional Investors Weigh In On Bancorp

A number of hedge funds have recently made changes to their positions in TBBK. Deutsche Bank AG increased its position in Bancorp by 7.9% in the 4th quarter. Deutsche Bank AG now owns 889,550 shares of the bank's stock valued at $46,817,000 after acquiring an additional 65,179 shares in the last quarter. Ethic Inc. acquired a new stake in Bancorp in the 4th quarter valued at about $209,000. Jefferies Financial Group Inc. acquired a new stake in Bancorp in the 4th quarter valued at about $1,053,000. Janus Henderson Group PLC increased its position in Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock valued at $51,783,000 after acquiring an additional 33,943 shares in the last quarter. Finally, Napa Wealth Management boosted its stake in shares of Bancorp by 3.8% in the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock valued at $365,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company's stock.

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.