The Bancorp Inc. (NASDAQ:TBBK) saw unusually-high trading volume on Wednesday following insider buying activity. Approximately 160,504 shares traded hands during trading, an increase of 36% from the previous session’s volume of 118,313 shares.The stock last traded at $6.52 and had previously closed at $6.52.

Specifically, CEO Damian Kozlowski purchased 9,790 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average price of $4.95 per share, with a total value of $48,460.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Frenkiel Paul purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were purchased at an average cost of $4.50 per share, for a total transaction of $45,000.00. Following the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at $90,000. The disclosure for this purchase can be found here. Insiders own 7.71% of the company’s stock.

A number of brokerages recently issued reports on TBBK. TheStreet cut The Bancorp from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Raymond James Financial Inc. raised The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 price objective on the stock in a report on Tuesday, August 9th. BTIG Research reissued a “buy” rating and set a $10.00 price objective on shares of The Bancorp in a report on Monday, July 25th. Finally, Zacks Investment Research cut The Bancorp from a “hold” rating to a “strong sell” rating in a report on Thursday, August 4th.

The firm’s market cap is $255.45 million. The firm has a 50-day moving average price of $6.09 and a 200 day moving average price of $5.90.

The Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, July 28th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ 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 fiscal year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in The Bancorp by 1.4% in the second quarter. BlackRock Advisors LLC now owns 16,668 shares of the company’s stock worth $100,000 after buying an additional 235 shares during the last quarter. American International Group Inc. raised its stake in The Bancorp by 2.2% in the second quarter. American International Group Inc. now owns 20,179 shares of the company’s stock worth $121,000 after buying an additional 436 shares during the last quarter. I.G. Investment Management LTD. raised its stake in The Bancorp by 0.7% in the second quarter. I.G. Investment Management LTD. now owns 83,285 shares of the company’s stock worth $501,000 after buying an additional 566 shares during the last quarter. First Trust Advisors LP raised its stake in The Bancorp by 3.3% in the second quarter. First Trust Advisors LP now owns 37,472 shares of the company’s stock worth $226,000 after buying an additional 1,214 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in The Bancorp by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,773 shares of the company’s stock worth $643,000 after buying an additional 1,806 shares during the last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:TBBK

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