Yousif Capital Management LLC Has $992,000 Position in The Bancorp, Inc. $TBBK

Yousif Capital Management LLC lowered its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,411 shares of the bank’s stock after selling 189 shares during the quarter. Yousif Capital Management LLC’s holdings in Bancorp were worth $992,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. SummerHaven Investment Management LLC grew its position in Bancorp by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 19,564 shares of the bank’s stock worth $1,115,000 after buying an additional 318 shares in the last quarter. Kendall Capital Management grew its position in Bancorp by 1.9% during the second quarter. Kendall Capital Management now owns 17,270 shares of the bank’s stock worth $984,000 after buying an additional 325 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Bancorp by 5.6% during the second quarter. Janney Montgomery Scott LLC now owns 6,575 shares of the bank’s stock worth $375,000 after buying an additional 350 shares in the last quarter. First Hawaiian Bank grew its position in Bancorp by 3.3% during the first quarter. First Hawaiian Bank now owns 12,136 shares of the bank’s stock worth $641,000 after buying an additional 385 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Bancorp by 45.2% during the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after buying an additional 456 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TBBK shares. Weiss Ratings downgraded Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $65.00 target price on shares of Bancorp in a research note on Friday, July 11th. Barclays restated a “buy” rating on shares of Bancorp in a research note on Monday, July 7th. Raymond James Financial upgraded Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $52.00 target price on shares of Bancorp in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.00.

Insider Transactions at Bancorp

In other news, CEO Damian Kozlowski sold 141,213 shares of the stock in a transaction on Tuesday, July 29th. The stock was 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 approximately $52,938,164.12. This represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregor J. Garry sold 12,532 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $75.14, for a total value of $941,654.48. Following the completion of the sale, 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 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. Insiders own 5.20% of the company’s stock.

Bancorp Stock Up 1.7%

Shares of TBBK opened at $74.92 on Wednesday. The Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $81.65. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 16.11 and a beta of 1.31. 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 stock has a fifty day moving average of $74.81 and a 200-day moving average of $61.80.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The company 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. As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal 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.