Bancorp (NASDAQ:TBBK) Share Price Passes Above 200-Day Moving Average – What’s Next?

The Bancorp, Inc. (NASDAQ:TBBK)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $59.71 and traded as high as $67.38. Bancorp shares last traded at $65.00, with a volume of 267,631 shares changing hands.

Analysts Set New Price Targets

TBBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $79.00 price target (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $86.00 target price (up from $70.00) on shares of Bancorp in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Bank of America reiterated a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. Finally, Raymond James Financial set a $88.00 target price on shares of Bancorp in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Bancorp currently has an average rating of “Moderate Buy” and an average price target of $71.17.

Bancorp Price Performance

The stock’s 50 day moving average price is $66.76 and its two-hundred day moving average price is $59.76. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 12.46 and a beta of 1.18. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.30.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.09. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.The company had revenue of $137.74 million for the quarter, compared to the consensus estimate of $166.69 million. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Equities research analysts forecast that The Bancorp, Inc. will post 6.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Martin Egan sold 3,057 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total value of $220,195.71. Following the sale, the chief accounting officer directly owned 30,219 shares in the company, valued at $2,176,674.57. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Bancorp

Several large investors have recently made changes to their positions in the company. Amundi grew its holdings in shares of Bancorp by 11.3% during the 2nd quarter. Amundi now owns 14,303 shares of the bank’s stock valued at $896,000 after acquiring an additional 1,447 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Bancorp in the 2nd quarter valued at $1,054,000. California State Teachers Retirement System boosted its stake in shares of Bancorp by 6,002.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,178,604 shares of the bank’s stock valued at $199,108,000 after purchasing an additional 3,126,515 shares during the last quarter. Nykredit A S acquired a new stake in shares of Bancorp during the second quarter worth $167,000. Finally, Headlands Technologies LLC raised its holdings in shares of Bancorp by 54.8% during the second quarter. Headlands Technologies LLC now owns 17,532 shares of the bank’s stock worth $1,098,000 after acquiring an additional 6,207 shares during the period. Institutional investors and hedge funds 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.