The Bancorp, Inc. (NASDAQ:TBBK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $60.20.

A number of analysts have recently weighed in on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $57.00 target price on shares of Bancorp in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th. Finally, William Blair set a $60.00 price target on shares of Bancorp in a report on Wednesday.

Insiders Place Their Bets

In other Bancorp news, CFO Dominic C. Canuso bought 1,800 shares of Bancorp stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average cost of $61.24 per share, with a total value of $110,232.00. Following the transaction, the chief financial officer directly owned 3,500 shares of the company’s stock, valued at approximately $214,340. This represents a 105.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bancorp

Several hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC raised its position in shares of Bancorp by 213.6% in the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after purchasing an additional 235 shares during the last quarter. Bessemer Group Inc. increased its stake in Bancorp by 78.6% during the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock valued at $30,000 after purchasing an additional 176 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Bancorp in the second quarter worth $53,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after buying an additional 659 shares during the last quarter. Finally, IFP Advisors Inc acquired a new stake in shares of Bancorp during the third quarter worth $66,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Up 2.5%

Shares of NASDAQ TBBK opened at $71.29 on Friday. Bancorp has a 12-month low of $40.51 and a 12-month high of $81.65. The stock’s fifty day simple moving average is $67.14 and its two-hundred day simple moving average is $69.60. The stock has a market capitalization of $3.13 billion, a PE ratio of 14.88 and a beta of 1.27. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.

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

About Bancorp

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.