Amundi Buys 1,967 Shares of The Bancorp, Inc. $TBBK

Amundi lifted its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,162 shares of the bank’s stock after acquiring an additional 1,967 shares during the quarter. Amundi owned 0.05% of Bancorp worth $1,281,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TBBK. Quarry LP bought a new stake in Bancorp during the first quarter valued at $39,000. Brooklyn Investment Group purchased a new position in Bancorp during the 1st quarter valued at about $58,000. GAMMA Investing LLC increased its holdings in Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock valued at $77,000 after purchasing an additional 456 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Bancorp during the 1st quarter worth approximately $169,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Bancorp during the 1st quarter worth approximately $208,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Matthew Cohn acquired 1,350 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average cost of $64.80 per share, for a total transaction of $87,480.00. Following the acquisition, the director owned 1,350 shares in the company, valued at $87,480. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregor J. Garry sold 12,532 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $75.14, for a total transaction of $941,654.48. Following the sale, the chief operating officer directly owned 110,107 shares in the company, valued at approximately $8,273,439.98. The trade was a 10.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 2,462 shares of company stock valued at $157,786 and have sold 322,841 shares valued at $20,990,025. 5.60% of the stock is owned by insiders.

Bancorp Stock Down 0.9%

TBBK opened at $75.95 on Friday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 16.33 and a beta of 1.36. The company has a fifty day moving average of $68.72 and a two-hundred day moving average of $57.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $80.16.

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

Analyst Upgrades and Downgrades

TBBK has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $65.00 price target on shares of Bancorp in a research report on Friday, July 11th. Wall Street Zen lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Oppenheimer reissued an “outperform” rating on shares of Bancorp in a report on Friday, July 18th. Barclays reissued a “buy” rating on shares of Bancorp in a research note on Monday, July 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $52.00 price objective on shares of Bancorp in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $62.00.

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.