Ethic Inc. Grows Holdings in The Bancorp, Inc. $TBBK

Ethic Inc. grew its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,177 shares of the bank’s stock after buying an additional 178 shares during the quarter. Ethic Inc.’s holdings in Bancorp were worth $239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Bancorp during the 1st quarter valued at approximately $39,000. Brooklyn Investment Group purchased a new position in shares of Bancorp during the 1st quarter valued at approximately $58,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 456 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of Bancorp during the 2nd quarter valued at approximately $170,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Bancorp during the 1st quarter valued at approximately $169,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bancorp news, EVP Ryan Harris sold 9,841 shares of the 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 sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $9,897,399.26. This trade represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Gregor J. Garry sold 12,532 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 110,107 shares in the company, valued at $8,273,439.98. This represents a 10.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,841 shares of company stock valued at $1,729,716 over the last three months. Company insiders own 5.60% of the company’s stock.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $77.20 on Friday. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $81.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The business’s fifty day moving average price is $76.30 and its two-hundred day moving average price is $63.44. The firm has a market capitalization of $3.56 billion, a PE ratio of 16.60 and a beta of 1.31.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.16). Bancorp had a return on equity of 27.24% and a net margin of 27.16%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. On average, research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TBBK shares. Barclays restated a “buy” rating on shares of Bancorp in a research note on Monday, July 7th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. Morgan Stanley restated an “overweight” rating and set a $52.00 price objective on shares of Bancorp in a research note on Friday, July 18th. Oppenheimer restated an “outperform” rating on shares of Bancorp in a research note on Friday, July 18th. Finally, Weiss Ratings upgraded Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Bancorp has an average rating of “Buy” and an average price target 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.