Insider Selling: The Bancorp, Inc. (TBBK) Director Sells $2,382,500.00 in Stock
The Bancorp, Inc. (NASDAQ:TBBK) Director Daniel G. Cohen sold 250,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $9.53, for a total value of $2,382,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
The Bancorp, Inc. (NASDAQ TBBK) opened at $9.64 on Friday. The Bancorp, Inc. has a twelve month low of $4.41 and a twelve month high of $10.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.50 and a current ratio of 0.60.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of The Bancorp in the 3rd quarter worth $248,000. GSA Capital Partners LLP lifted its holdings in shares of The Bancorp by 114.6% in the 3rd quarter. GSA Capital Partners LLP now owns 150,491 shares of the bank’s stock worth $1,245,000 after purchasing an additional 80,372 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of The Bancorp by 19.3% in the 3rd quarter. California Public Employees Retirement System now owns 231,879 shares of the bank’s stock worth $1,918,000 after purchasing an additional 37,579 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of The Bancorp in the 3rd quarter worth $103,000. Finally, Highbridge Capital Management LLC bought a new position in shares of The Bancorp in the 3rd quarter worth $550,000. Institutional investors own 72.69% of the company’s stock.
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About The Bancorp
The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).
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