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

Key Points

• Analyst consensus: Ten analysts give The Bancorp an average rating of "Moderate Buy" with a 12‑month average price target of $59.50.
• Insider buying: Two directors recently increased positions (total insider purchases of 9,080 shares worth about $548,933 last quarter), leaving corporate insiders with roughly 5.6% ownership.
• Mixed quarterly results: The bank missed EPS expectations at $1.28 vs. $1.46 consensus but beat revenue estimates ($132.21M vs. $101.10M) and reported a 25.94% net margin and 28.91% ROE.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $59.50.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $57.00 target price on shares of Bancorp in a research note on Wednesday, January 21st. Bank of America set a $60.00 price objective on shares of Bancorp in a report on Wednesday, January 21st. Piper Sandler initiated coverage on shares of Bancorp in a research report on Thursday. They issued an "overweight" rating and a $66.00 price objective for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Bancorp in a research note on Monday, December 29th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Bancorp in a research report on Tuesday, January 13th.

Insider Buying and Selling

In other news, Director Matthew Cohn bought 680 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was acquired at an average cost of $62.14 per share, with a total value of $42,255.20. Following the transaction, the director directly owned 3,655 shares in the company, valued at approximately $227,121.70. This trade represents a 22.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark E. Tryniski bought 5,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was purchased at an average price of $60.23 per share, with a total value of $301,150.00. Following the completion of the acquisition, the director directly owned 18,966 shares in the company, valued at approximately $1,142,322.18. This trade represents a 35.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 9,080 shares of company stock valued at $548,933 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bancorp

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC raised its holdings in shares of Bancorp by 213.6% in the third quarter. Rothschild Investment LLC now owns 345 shares of the bank's stock valued at $26,000 after acquiring an additional 235 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in Bancorp during the 4th quarter worth about $27,000. Bessemer Group Inc. increased its position in Bancorp by 78.6% during the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank's stock valued at $30,000 after purchasing an additional 176 shares during the period. Lazard Asset Management LLC purchased a new position in Bancorp during the 2nd quarter valued at about $53,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bancorp by 732.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank's stock valued at $56,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Price Performance

Shares of TBBK stock opened at $53.55 on Friday. Bancorp has a 52-week low of $40.51 and a 52-week high of $81.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market capitalization of $2.26 billion, a P/E ratio of 10.88 and a beta of 1.31. The stock has a 50 day moving average price of $61.58 and a 200 day moving average price of $67.78.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The bank reported $1.28 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.18). Bancorp had a net margin of 25.94% and a return on equity of 28.91%. The business had revenue of $132.21 million during the quarter, compared to the consensus estimate of $101.10 million. As a group, sell-side analysts predict that Bancorp will post 5.31 earnings per share for the current year.

Bancorp Company Profile

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.

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