American Century Companies Inc. Raises Stock Position in The Bancorp, Inc. $TBBK

American Century Companies Inc. raised its position in The Bancorp, Inc. (NASDAQ:TBBK) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,715,553 shares of the bank’s stock after purchasing an additional 86,721 shares during the quarter. American Century Companies Inc. owned about 5.81% of Bancorp worth $154,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Bancorp during the 1st quarter valued at approximately $39,000. Brooklyn Investment Group acquired a new stake in Bancorp during the first quarter worth $58,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Bancorp in the second quarter valued at $170,000. Harvest Fund Management Co. Ltd purchased a new stake in Bancorp in the first quarter valued at $169,000. Finally, Systematic Alpha Investments LLC acquired a new position in shares of Bancorp in the 1st quarter valued at $201,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Up 4.3%

Shares of NASDAQ TBBK opened at $62.03 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $71.83 and its two-hundred day moving average is $65.22. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $81.65. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 13.34 and a beta of 1.34.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.16). The firm had revenue of $134.82 million for the quarter, compared to analysts’ expectations of $99.60 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 5.100-5.100 EPS. Research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Insider Activity at Bancorp

In related news, COO Gregor J. Garry sold 12,532 shares of Bancorp stock in a transaction that occurred 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 transaction, the chief operating officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Dominic C. Canuso bought 1,800 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average cost of $61.24 per share, for a total transaction of $110,232.00. Following the completion of the purchase, the chief financial officer owned 3,500 shares in the company, valued at $214,340. This trade represents a 105.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 22,841 shares of company stock worth $1,729,716 in the last three months. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bancorp in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $62.00.

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.