Insider Selling: Bancorp (NASDAQ:TBBK) CAO Sells $220,195.71 in Stock

The Bancorp, Inc. (NASDAQ:TBBK) CAO Martin Egan sold 3,057 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the transaction, the chief accounting officer directly owned 30,219 shares in the company, valued at approximately $2,176,674.57. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $69.64 on Friday. The Bancorp, Inc. has a twelve month low of $50.20 and a twelve month high of $81.65. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.09 and a beta of 1.19. The business has a 50 day simple moving average of $62.67 and a 200-day simple moving average of $59.43.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Bancorp had a net margin of 32.91% and a return on equity of 32.32%. The company had revenue of $137.74 million for the quarter, compared to analysts’ expectations 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. As a group, equities research analysts expect that The Bancorp, Inc. will post 6.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Bancorp in a research note 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 reissued a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Wall Street Zen raised Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $71.17.

Hedge Funds Weigh In On Bancorp

Several large investors have recently made changes to their positions in TBBK. Invesco Ltd. boosted its stake in Bancorp by 4.8% during the third quarter. Invesco Ltd. now owns 2,781,772 shares of the bank’s stock worth $208,327,000 after buying an additional 126,302 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Bancorp by 19.0% during the first quarter. Janus Henderson Group PLC now owns 1,084,992 shares of the bank’s stock valued at $58,296,000 after acquiring an additional 172,925 shares during the period. Nantahala Capital Management LLC lifted its holdings in shares of Bancorp by 25.7% during the fourth quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank’s stock valued at $72,360,000 after acquiring an additional 219,351 shares during the period. Brown Advisory Inc. grew its holdings in shares of 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 during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Bancorp by 273.2% during the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock worth $46,574,000 after buying an additional 455,265 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

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.