Bank of New York Mellon Corp Sells 12,204 Shares of The Bancorp, Inc. $TBBK

Bank of New York Mellon Corp lessened its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 4.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 250,695 shares of the bank’s stock after selling 12,204 shares during the period. Bank of New York Mellon Corp’s holdings in Bancorp were worth $13,470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TBBK. Invesco Ltd. boosted its holdings in shares of Bancorp by 4.8% during the 3rd quarter. Invesco Ltd. now owns 2,781,772 shares of the bank’s stock valued at $208,327,000 after acquiring an additional 126,302 shares in the last quarter. Nantahala Capital Management LLC increased its holdings in Bancorp by 25.7% in the 4th quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank’s stock worth $72,360,000 after purchasing an additional 219,351 shares in the last quarter. Brown Advisory Inc. increased its holdings in Bancorp by 8.5% in the 4th quarter. Brown Advisory Inc. now owns 905,876 shares of the bank’s stock worth $61,165,000 after purchasing an additional 71,299 shares in the last quarter. Ameriprise Financial Inc. raised its position in Bancorp by 273.2% in the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock valued at $46,574,000 after purchasing an additional 455,265 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Bancorp by 43.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 507,691 shares of the bank’s stock valued at $34,279,000 after purchasing an additional 154,539 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $67.07 on Friday. The company has a market capitalization of $2.79 billion, a PE ratio of 12.61 and a beta of 1.19. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The Bancorp, Inc. has a twelve month low of $50.20 and a twelve month high of $81.65. The firm has a fifty day simple moving average of $61.11 and a 200 day simple moving average of $59.38.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 30th. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.36 by $0.09. Bancorp had a return on equity of 32.14% and a net margin of 26.92%.The company had revenue of $137.74 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts forecast that The Bancorp, Inc. will post 5.95 EPS for the current year.

More Bancorp News

Here are the key news stories impacting Bancorp this week:

• Positive Sentiment: Q2 earnings beat expectations: The Bancorp reported diluted EPS of $1.45, up 14.2% from $1.27 a year earlier and above the $1.36 analyst consensus. Net income rose to $60.7 million from $59.8 million. The Bancorp Q2 earnings beat article
• Positive Sentiment: Fintech growth remained strong: Gross dollar volume for prepaid, debit and credit cards increased 22.5% year over year to $53.45 billion. Average deposits rose 4.4% to $8.41 billion, while management cited continued growth in loans and fintech fees, along with improved credit and cost efficiency. The Bancorp Q2 results press release
• Positive Sentiment: Full-year outlook improved: Fiscal 2026 EPS guidance was raised to $5.95-$6.05 from an analyst consensus of $5.92. The company also maintained its 2027 EPS outlook of $8.10-$8.30 and repurchased $50 million of stock during the quarter.
• Neutral Sentiment: Strong profitability metrics: Return on equity increased to 34.7% from 28.4% a year earlier, although return on assets declined to 2.51% from 2.64%. Management discussed the results and outlook during the earnings call. The Bancorp Q2 earnings call transcript
• Negative Sentiment: Revenue missed estimates: Quarterly revenue was $137.74 million, below the $166.69 million analyst forecast, which may limit enthusiasm despite the EPS beat.
• Negative Sentiment: Margin pressure and cautious near-term guidance: Net interest margin declined to 3.85% from 4.44% year over year. Fourth-quarter EPS guidance of $1.65-$1.75 has a midpoint below the $1.75 consensus estimate.

Wall Street Analyst Weigh In

TBBK has been the subject of a number of research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $82.00 price objective on shares of Bancorp in a report on Friday. Bank of America reaffirmed a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research upgraded Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.50.

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.