Charles Schwab Investment Management Inc. Grows Stock Holdings in The Bancorp, Inc. $TBBK

Charles Schwab Investment Management Inc. increased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 456,613 shares of the bank’s stock after buying an additional 10,468 shares during the period. Charles Schwab Investment Management Inc. owned about 0.95% of Bancorp worth $24,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Nantahala Capital Management LLC lifted its holdings in Bancorp by 65.7% in the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank’s stock valued at $51,286,000 after purchasing an additional 386,295 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Bancorp by 741.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 428,942 shares of the bank’s stock valued at $22,665,000 after buying an additional 377,993 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of Bancorp by 599.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank’s stock worth $19,390,000 after purchasing an additional 315,772 shares during the period. Emerald Advisers LLC raised its holdings in shares of Bancorp by 63.1% in the 1st quarter. Emerald Advisers LLC now owns 548,269 shares of the bank’s stock worth $28,971,000 after purchasing an additional 212,102 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Bancorp by 514.8% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 178,931 shares of the bank’s stock worth $9,417,000 after purchasing an additional 149,828 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Trading Up 1.0%

NASDAQ:TBBK opened at $66.47 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $70.63. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.29 and a beta of 1.30. The stock has a fifty day simple moving average of $61.54 and a 200 day simple moving average of $55.58.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 27.16%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Sell-side analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. Barclays reaffirmed a “buy” rating on shares of Bancorp in a research report on Monday, July 7th. Jefferies Financial Group raised shares of Bancorp to a “buy” rating in a research report on Monday, July 7th. Wall Street Zen downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Oppenheimer reiterated an “outperform” rating on shares of Bancorp in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bancorp has a consensus rating of “Buy” and a consensus target price of $62.00.

Insider Buying and Selling at Bancorp

In related news, CEO Damian Kozlowski sold 141,213 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total transaction of $9,156,250.92. Following the transaction, the chief executive officer directly owned 816,443 shares of the company’s stock, valued at approximately $52,938,164.12. The trade was a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Cohn acquired 1,350 shares of Bancorp stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average cost of $64.80 per share, with a total value of $87,480.00. Following the transaction, the director owned 1,350 shares of the company’s stock, valued at approximately $87,480. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,462 shares of company stock worth $157,786 and have sold 300,000 shares worth $19,260,310. 5.60% of the stock is currently owned by insiders.

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.