Bancorp (NASDAQ:TBBK) Shares Down 5.8% – Time to Sell?

The Bancorp, Inc. (NASDAQ:TBBK) traded down 5.8% during trading on Friday . The stock traded as low as $67.11 and last traded at $67.1560. 158,534 shares traded hands during trading, a decline of 74% from the average session volume of 616,851 shares. The stock had previously closed at $71.29.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TBBK shares. William Blair set a $60.00 target price on shares of Bancorp in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $57.00 price target on shares of Bancorp in a research report on Wednesday. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.20.

Bancorp Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.94 billion, a PE ratio of 13.97 and a beta of 1.27. The business has a fifty day moving average of $67.14 and a 200-day moving average of $69.60.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.16). The firm had revenue of $134.82 million for the quarter, compared to analysts’ expectations of $99.60 million. Bancorp had a net margin of 26.15% and a return on equity of 27.97%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. As a group, research analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Activity at Bancorp

In other Bancorp news, CFO Dominic C. Canuso purchased 1,800 shares of the stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $61.24 per share, with a total value of $110,232.00. Following the completion of the purchase, the chief financial officer directly owned 3,500 shares of the company’s stock, valued at approximately $214,340. This trade represents a 105.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP grew its position in shares of Bancorp by 445.8% in the 2nd quarter. Quantbot Technologies LP now owns 58,398 shares of the bank’s stock worth $3,327,000 after buying an additional 47,699 shares during the period. Hennessy Advisors Inc. bought a new stake in Bancorp during the 2nd quarter valued at about $968,000. California First Leasing Corp purchased a new position in Bancorp in the third quarter worth about $1,850,000. American Century Companies Inc. grew its holdings in shares of Bancorp by 3.3% during the second quarter. American Century Companies Inc. now owns 2,715,553 shares of the bank’s stock valued at $154,705,000 after buying an additional 86,721 shares during the last quarter. Finally, Owls Nest Partners IA LLC lifted its position in Bancorp by 6.4% in the 2nd quarter. Owls Nest Partners IA LLC now owns 1,265,404 shares of the bank’s stock valued at $72,090,000 after acquiring an additional 75,635 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.