The Bancorp, Inc. (NASDAQ:TBBK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• The Bancorp, Inc. has received a consensus rating of "Moderate Buy" from eight research firms, with a twelve-month price target of $62.00 among brokerages.
• Bancorp reported earnings surpassing analysts' expectations with an EPS of $1.27 and revenue of $138 million for the last quarter.
• Insider transactions showed increased activity, with the Director purchasing 550 shares while the COO sold over 12,000 shares recently.

The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $62.00.

Several analysts have commented on TBBK shares. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Morgan Stanley reissued an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a research note on Friday, July 18th. Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. Finally, Jefferies Financial Group upgraded Bancorp to a "buy" rating in a report on Monday, July 7th.

Bancorp Stock Up 5.2%

TBBK stock opened at $80.34 on Wednesday. The firm has a market cap of $3.70 billion, a PE ratio of 17.28 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91. The firm's fifty day moving average is $73.80 and its 200 day moving average is $60.99. Bancorp has a one year low of $40.51 and a one year high of $81.25.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted 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. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The firm 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. On average, research analysts forecast that Bancorp will post 5.31 EPS for the current year.

Insider Transactions at Bancorp

In other Bancorp news, Director Matthew Cohn purchased 550 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $63.51 per share, for a total transaction of $34,930.50. Following the completion of the transaction, the director owned 1,900 shares of the company's stock, valued at $120,669. The trade was a 40.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Gregor J. Garry sold 12,532 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $75.14, for a total value of $941,654.48. Following the transaction, the chief operating officer owned 110,107 shares in the company, valued at approximately $8,273,439.98. This represents a 10.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 2,462 shares of company stock valued at $157,786 and sold 322,841 shares valued at $20,990,025. Insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in Bancorp during the first quarter worth $39,000. Lazard Asset Management LLC acquired a new position in shares of Bancorp during the 2nd quarter valued at about $53,000. Brooklyn Investment Group acquired a new position in shares of Bancorp during the 1st quarter valued at about $58,000. GAMMA Investing LLC boosted its position in shares of Bancorp by 45.2% during 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 position in shares of Bancorp during the 1st quarter valued at about $169,000. 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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