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

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $62.00.

A number of equities analysts recently weighed in on TBBK shares. Jefferies Financial Group raised Bancorp to a “buy” rating in a report on Monday, July 7th. Raymond James Financial raised Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 7th. Barclays reissued a “buy” rating on shares of Bancorp in a report on Monday, July 7th. Morgan Stanley reissued an “overweight” rating and set a $52.00 target price on shares of Bancorp in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $65.00 target price on shares of Bancorp in a report on Friday, July 11th.

Insider Buying and Selling

In related news, Director Matthew Cohn purchased 550 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $63.51 per share, for a total transaction of $34,930.50. Following the completion of the transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $120,669. This trade represents a 40.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gregor J. Garry sold 12,532 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $75.14, for a total value of $941,654.48. Following the completion of the transaction, the chief operating officer owned 110,107 shares of the company’s stock, valued at $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 ninety days, insiders have acquired 2,462 shares of company stock valued at $157,786 and have sold 322,841 shares valued at $20,990,025. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in Bancorp by 3.3% in the second quarter. American Century Companies Inc. now owns 2,715,553 shares of the bank’s stock worth $154,705,000 after acquiring an additional 86,721 shares during the period. Invesco Ltd. lifted its stake in Bancorp by 20.7% during the first quarter. Invesco Ltd. now owns 2,712,975 shares of the bank’s stock worth $143,354,000 after purchasing an additional 466,139 shares in the last quarter. Wellington Management Group LLP lifted its stake in Bancorp by 5.4% during the first quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank’s stock worth $96,248,000 after purchasing an additional 93,586 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bancorp by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,373,686 shares of the bank’s stock worth $78,266,000 after purchasing an additional 7,405 shares in the last quarter. Finally, Owls Nest Partners IA LLC lifted its stake in Bancorp by 6.4% during the second quarter. Owls Nest Partners IA LLC now owns 1,265,404 shares of the bank’s stock worth $72,090,000 after purchasing an additional 75,635 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Bancorp Stock Performance

Shares of TBBK stock opened at $71.44 on Wednesday. The stock has a market cap of $3.29 billion, a PE ratio of 15.36 and a beta of 1.31. The business has a 50-day simple moving average of $74.46 and a 200-day simple moving average of $61.36. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. Bancorp has a 52-week low of $40.51 and a 52-week high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.01. The business had revenue of $138.00 million during the quarter, compared to analysts’ expectations 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 analysts expect that Bancorp will post 5.31 EPS for the current year.

About Bancorp

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.