The Bancorp, Inc. (NASDAQ:TBBK) Receives $62.00 Consensus Target Price from Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $62.00.

Several analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of Bancorp in a report on Friday, July 18th. Barclays reaffirmed a “buy” rating on shares of Bancorp in a report on Monday, July 7th. Jefferies Financial Group raised shares of Bancorp to a “buy” rating in a report on Monday, July 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. Finally, Raymond James Financial upgraded Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 7th.

Insiders Place Their Bets

In other Bancorp news, Director Matthew Cohn bought 1,350 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the transaction, the director directly owned 1,350 shares of the company’s stock, valued at approximately $87,480. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ryan Harris sold 9,841 shares of Bancorp stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $76.37, for a total value of $751,557.17. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at approximately $9,897,399.26. This represents a 7.06% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 2,462 shares of company stock worth $157,786 and have sold 322,841 shares worth $20,990,025. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in TBBK. Quarry LP purchased a new stake in Bancorp in the first quarter valued at approximately $39,000. Lazard Asset Management LLC purchased a new stake in Bancorp in the second quarter valued at approximately $53,000. Brooklyn Investment Group purchased a new stake in Bancorp during the first quarter worth about $58,000. GAMMA Investing LLC increased its stake in Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after buying an additional 456 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Bancorp during the second quarter worth $170,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Price Performance

TBBK opened at $78.71 on Friday. The business’s 50-day moving average is $70.55 and its two-hundred day moving average is $58.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. Bancorp has a 1 year low of $40.51 and a 1 year high of $80.18. The firm has a market capitalization of $3.63 billion, a PE ratio of 16.93 and a beta of 1.36.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Research analysts anticipate that Bancorp will post 5.31 earnings per share for the current fiscal year.

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.