The Bancorp Inc. (TBBK) CEO Damian Kozlowski Purchases 50,000 Shares
The Bancorp Inc. (NASDAQ:TBBK) CEO Damian Kozlowski purchased 50,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was acquired at an average cost of $4.50 per share, for a total transaction of $225,000.00. Following the transaction, the chief executive officer now owns 350,000 shares of the company’s stock, valued at $1,575,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Damian Kozlowski also recently made the following trade(s):
- On Wednesday, August 10th, Damian Kozlowski purchased 9,790 shares of The Bancorp stock. The stock was acquired at an average cost of $4.95 per share, for a total transaction of $48,460.50.
Shares of The Bancorp Inc. (NASDAQ:TBBK) opened at 6.54 on Thursday. The company’s market cap is $247.51 million. The Bancorp Inc. has a 12-month low of $3.88 and a 12-month high of $8.20. The company’s 50-day moving average is $6.05 and its 200-day moving average is $5.90.
The Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.24. Equities research analysts predict that The Bancorp Inc. will post ($1.03) earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in TBBK. Emerald Acquisition Ltd. bought a new stake in The Bancorp during the second quarter valued at about $4,093,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of The Bancorp by 19.3% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,195,052 shares of the company’s stock valued at $13,214,000 after buying an additional 354,588 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of The Bancorp by 15.4% in the second quarter. Heartland Advisors Inc. now owns 750,000 shares of the company’s stock valued at $4,515,000 after buying an additional 100,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of The Bancorp by 134.0% in the first quarter. Renaissance Technologies LLC now owns 163,300 shares of the company’s stock valued at $934,000 after buying an additional 93,500 shares in the last quarter. Finally, Oxford Asset Management acquired a new stake in shares of The Bancorp during the second quarter valued at $412,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of The Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. BTIG Research reissued a “buy” rating and issued a $10.00 price target on shares of The Bancorp in a research report on Monday, July 25th. Raymond James Financial Inc. raised shares of The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 target price on the stock in a report on Tuesday, August 9th. Finally, TheStreet lowered shares of The Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 29th.
The Bancorp Company Profile
The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate.
Receive News & Stock Ratings for The Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bancorp Inc. and related stocks with our FREE daily email newsletter.