AXQ Capital LP Makes New Investment in The Bancorp, Inc. $TBBK

AXQ Capital LP bought a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,708 shares of the bank’s stock, valued at approximately $268,000.

Several other institutional investors have also added to or reduced their stakes in TBBK. Hsbc Holdings PLC increased its position in shares of Bancorp by 158.7% during the first quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank’s stock valued at $946,000 after buying an additional 11,037 shares during the period. HighTower Advisors LLC purchased a new position in Bancorp during the first quarter valued at $673,000. Capital Fund Management S.A. bought a new stake in Bancorp during the 1st quarter valued at about $999,000. Nuveen LLC purchased a new position in Bancorp in the 1st quarter worth approximately $11,417,000. Finally, Siena Capital Partners GP LLC purchased a new position in shares of Bancorp in the first quarter worth $1,057,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Insider Activity

In other news, EVP Ryan Harris sold 9,841 shares of Bancorp stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $76.37, for a total transaction of $751,557.17. Following the sale, the executive vice president owned 129,598 shares in the company, valued at $9,897,399.26. This trade represents a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 bought at an average cost of $61.24 per share, with a total value of $110,232.00. Following the completion of the purchase, the chief financial officer directly owned 3,500 shares of the company’s stock, valued at $214,340. This represents a 105.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 22,841 shares of company stock worth $1,729,716 over the last quarter. Insiders own 5.60% of the company’s stock.

Bancorp Price Performance

Shares of Bancorp stock opened at $63.30 on Tuesday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 13.61 and a beta of 1.34. 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 stock’s 50-day simple moving average is $71.56 and its 200-day simple moving average is $65.30. The Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.16). Bancorp had a net margin of 27.16% and a return on equity of 27.24%. The business had revenue of $134.82 million for the quarter, compared to the consensus estimate of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. As a group, analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Bancorp 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.