The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry Sells 11,256 Shares

The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total value of $362,218.08. Following the completion of the sale, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at $491,131.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bancorp Trading Up 1.2 %

NASDAQ:TBBK opened at $32.29 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The Bancorp, Inc. has a 1-year low of $28.41 and a 1-year high of $47.11. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. The business’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $37.87.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same period in the prior year, the business posted $0.88 EPS. On average, equities analysts expect that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Hedge Funds Weigh In On Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Epoch Investment Partners Inc. raised its stake in Bancorp by 80.7% during the 3rd quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock worth $25,032,000 after buying an additional 323,986 shares during the period. Moody Aldrich Partners LLC bought a new stake in shares of Bancorp in the fourth quarter worth about $7,184,000. Principal Financial Group Inc. raised its position in shares of Bancorp by 21.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock worth $39,984,000 after purchasing an additional 184,647 shares during the period. American Century Companies Inc. lifted its holdings in shares of Bancorp by 21.9% during the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock valued at $33,824,000 after purchasing an additional 175,854 shares in the last quarter. Finally, FMR LLC grew its position in shares of Bancorp by 3.3% in the 3rd quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after purchasing an additional 157,987 shares during the period. 96.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, April 5th. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Raymond James boosted their price target on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.