The Bancorp, Inc. (NASDAQ:TBBK) Given Average Rating of "Buy" by Brokerages

Key Points

• The Bancorp, Inc. has received a consensus rating of "Buy" from seven research firms, with an average price target of $62.00.
• Shares of Bancorp traded up 2.0%, opening at $74.18, with a market cap of $3.42 billion and a P/E ratio of 15.95.
• Recent insider activity shows significant stock transactions, including the acquisition of 1,350 shares by Director Matthew Cohn and the sale of 141,213 shares by CEO Damian Kozlowski.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) has received a consensus rating of "Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $62.00.

TBBK has been the subject of several research analyst reports. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a research report on Friday, July 11th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research report on Monday, July 7th. Finally, Barclays restated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th.

Bancorp Trading Up 2.0%

Shares of Bancorp stock opened at $74.18 on Tuesday. The firm has a 50-day simple moving average of $62.79 and a two-hundred day simple moving average of $55.69. The company has a market cap of $3.42 billion, a P/E ratio of 15.95 and a beta of 1.30. Bancorp has a fifty-two week low of $40.51 and a fifty-two week high of $74.96. 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 released its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. As a group, equities analysts predict that Bancorp will post 5.31 earnings per share for the current fiscal year.

Insider Activity

In other Bancorp news, Director Matthew Cohn acquired 1,350 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the acquisition, the director owned 1,350 shares in the company, valued at approximately $87,480. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Damian Kozlowski sold 141,213 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total transaction of $9,156,250.92. Following the completion of the sale, the chief executive officer owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. The trade was a 14.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 2,462 shares of company stock valued at $157,786 and have sold 300,000 shares valued at $19,260,310. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of Bancorp

Hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in Bancorp in the 1st quarter valued at about $39,000. Lazard Asset Management LLC acquired a new stake in Bancorp in the 2nd quarter valued at about $53,000. Brooklyn Investment Group acquired a new stake in Bancorp in the 1st quarter valued at about $58,000. GAMMA Investing LLC raised its holdings in Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock valued at $77,000 after acquiring an additional 456 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Bancorp in the 1st quarter valued at about $169,000. 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.

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