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

Key Points

• The Bancorp, Inc. (NASDAQ:TBBK) has received a consensus rating of "Buy" from seven brokerage firms, with an average price target of $62.00.
• The company reported earnings of $1.27 per share for the last quarter, beating estimates and showing significant revenue growth of $138 million compared to expectations of $94.87 million.
• Insider trading reveals that CEO Damian Kozlowski sold shares valued at approximately $2.5 million, which reduced his stake by 5.69%.

Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) have been given a consensus rating of "Buy" by the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $62.00.

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

Bancorp Stock Performance

NASDAQ TBBK opened at $78.07 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The business's 50 day moving average is $70.28 and its two-hundred day moving average is $58.14. Bancorp has a 12-month low of $40.51 and a 12-month high of $80.18. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 16.79 and a beta of 1.36.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The company 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 expect that Bancorp will post 5.31 EPS for the current year.

Insider Transactions at Bancorp

In related news, CEO Damian Kozlowski sold 39,659 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $62.74, for a total value of $2,488,205.66. Following the sale, the chief executive officer owned 657,656 shares in the company, valued at $41,261,337.44. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Gregor J. Garry sold 12,532 shares of the 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 sale, the chief operating officer owned 110,107 shares in the company, valued at approximately $8,273,439.98. This trade represents a 10.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 2,462 shares of company stock worth $157,786 and have sold 322,841 shares worth $20,990,025. Company insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Bancorp

A number of large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Bancorp by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank's stock valued at $318,000 after buying an additional 197 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Bancorp during the 2nd quarter valued at $364,000. Public Sector Pension Investment Board grew its holdings in Bancorp by 5.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 159,241 shares of the bank's stock valued at $9,072,000 after buying an additional 7,968 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Bancorp by 131.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,650 shares of the bank's stock valued at $379,000 after buying an additional 3,780 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Bancorp during the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 96.22% of the company's stock.

About Bancorp

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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