Bancorp (NASDAQ:TBBK) CFO Dominic Canuso Acquires 200 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) CFO Dominic Canuso bought 200 shares of Bancorp stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of $60.50 per share, for a total transaction of $12,100.00. Following the purchase, the chief financial officer owned 3,700 shares of the company’s stock, valued at approximately $223,850. This trade represents a 5.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bancorp Price Performance

TBBK stock opened at $59.38 on Wednesday. The stock has a market cap of $2.61 billion, a PE ratio of 12.07 and a beta of 1.31. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $81.65. The company has a 50-day moving average price of $67.44 and a 200 day moving average price of $69.44. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, January 29th. The bank reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.18). The firm had revenue of $132.21 million during the quarter, compared to analysts’ expectations of $101.10 million. Bancorp had a return on equity of 28.91% and a net margin of 26.15%. Equities research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TBBK shares. Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Wolfe Research set a $57.00 target price on Bancorp in a research report on Monday. Zacks Research cut shares of Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Bancorp in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $58.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC raised its holdings 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 in the last quarter. Bessemer Group Inc. raised its stake in Bancorp by 78.6% in the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after buying an additional 176 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Bancorp during the second quarter worth $53,000. Northwestern Mutual Wealth Management Co. boosted its position in Bancorp by 732.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after acquiring an additional 659 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of Bancorp in the 3rd quarter valued at $66,000. Hedge funds and other 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.