Vanguard Group Inc. Reduces Stock Holdings in The Bancorp, Inc. $TBBK

Vanguard Group Inc. lowered its position in The Bancorp, Inc. (NASDAQ:TBBK) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,248,872 shares of the bank’s stock after selling 54,202 shares during the quarter. Vanguard Group Inc. owned 6.77% of Bancorp worth $171,670,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TBBK. LPL Financial LLC increased its position in shares of Bancorp by 52.1% in the fourth quarter. LPL Financial LLC now owns 9,230 shares of the bank’s stock valued at $486,000 after buying an additional 3,163 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Bancorp by 3.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank’s stock valued at $635,000 after acquiring an additional 408 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Bancorp by 8.1% in the fourth quarter. Bank of Montreal Can now owns 5,565 shares of the bank’s stock valued at $293,000 after acquiring an additional 418 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Bancorp in the fourth quarter valued at $3,474,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Bancorp in the fourth quarter valued at $1,087,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Trading Up 1.0%

Shares of TBBK opened at $66.47 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.06 billion, a P/E ratio of 14.29 and a beta of 1.30. The stock’s fifty day simple moving average is $61.54 and its 200 day simple moving average is $55.58. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month high of $70.63.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $138.00 million for 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. On average, equities research analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Buying and Selling at Bancorp

In other Bancorp news, Director Matthew Cohn purchased 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, July 29th. The stock was 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 in the company, valued at approximately $87,480. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Damian Kozlowski sold 141,213 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total value of $9,156,250.92. Following the completion of the transaction, the chief executive officer directly owned 816,443 shares in the company, valued at $52,938,164.12. This trade represents a 14.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 2,462 shares of company stock worth $157,786 and sold 300,000 shares worth $19,260,310. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TBBK shares. Oppenheimer restated an “outperform” rating on shares of Bancorp in a research report on Friday, July 18th. Morgan Stanley restated an “overweight” rating and issued a $52.00 price objective on shares of Bancorp in a research report on Friday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $65.00 price objective on shares of Bancorp in a research report on Friday, July 11th. Jefferies Financial Group upgraded Bancorp to a “buy” rating in a research report on Monday, July 7th. Finally, Raymond James Financial raised Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bancorp currently has a consensus rating of “Buy” and a consensus target price of $62.00.

Bancorp 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.