Insider Selling: The Bancorp, Inc. (NASDAQ:TBBK) EVP Sells 11,256 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry sold 11,256 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total value of $362,218.08. Following the transaction, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at approximately $491,131.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bancorp Trading Up 1.2 %

NASDAQ:TBBK traded up $0.37 during mid-day trading on Monday, hitting $32.29. 486,828 shares of the company’s stock were exchanged, compared to its average volume of 657,683. The company has a 50 day simple moving average of $34.77 and a 200-day simple moving average of $37.88. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The Bancorp, Inc. has a fifty-two week low of $28.41 and a fifty-two week high of $47.11. The firm has a market capitalization of $1.69 billion, a P/E ratio of 8.77 and a beta of 1.43.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Friday, April 26th. The bank reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, research analysts expect that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Institutional Investors Weigh In On Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in Bancorp by 3.3% during the 3rd quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock worth $168,355,000 after buying an additional 157,987 shares during the period. Brown Advisory Inc. boosted its position in Bancorp by 6.7% during the 4th quarter. Brown Advisory Inc. now owns 1,542,256 shares of the bank’s stock worth $59,469,000 after buying an additional 96,551 shares during the period. Principal Financial Group Inc. boosted its position in Bancorp by 21.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock worth $39,984,000 after buying an additional 184,647 shares during the period. American Century Companies Inc. boosted its position in Bancorp by 21.9% during the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock worth $33,824,000 after buying an additional 175,854 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in Bancorp by 80.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock worth $25,032,000 after purchasing an additional 323,986 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on TBBK. Raymond James boosted their price target on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods lowered their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Finally, StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 29th.

Bancorp Company Profile

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.