Maria Wainwright Sells 8,400 Shares of Bancorp (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.24, for a total transaction of $506,016.00. Following the sale, the chief marketing officer directly owned 24,942 shares of the company’s stock, valued at $1,502,506.08. This represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bancorp Trading Down 1.0%

TBBK stock opened at $59.21 on Friday. The Bancorp, Inc. has a 12 month low of $48.86 and a 12 month high of $81.65. The firm’s 50-day moving average is $56.00 and its 200 day moving average is $63.10. The company has a market capitalization of $2.48 billion, a PE ratio of 11.52 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.07. The firm had revenue of $132.50 million during the quarter, compared to the consensus estimate of $189.17 million. Bancorp had a net margin of 31.71% and a return on equity of 30.56%. On average, research analysts anticipate that The Bancorp, Inc. will post 5.95 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in Bancorp by 8.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the bank’s stock valued at $157,000 after purchasing an additional 169 shares in the last quarter. Bessemer Group Inc. raised its holdings 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 purchasing an additional 176 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of Bancorp by 2.0% during the third quarter. Arete Wealth Advisors LLC now owns 9,551 shares of the bank’s stock valued at $715,000 after buying an additional 191 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Bancorp by 3.7% during the second quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock valued at $318,000 after buying an additional 197 shares during the last quarter. Finally, Rothschild Investment LLC boosted 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 buying an additional 235 shares in the last quarter. 96.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TBBK shares. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research note on Friday, March 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $57.00 price objective on shares of Bancorp in a report on Wednesday, January 21st. Bank of America set a $60.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Finally, Wolfe Research set a $57.00 target price on shares of Bancorp in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

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.