Cetera Investment Advisers Raises Stock Holdings in The Bancorp, Inc. $TBBK

Cetera Investment Advisers increased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 447.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,112 shares of the bank’s stock after purchasing an additional 19,708 shares during the quarter. Cetera Investment Advisers owned approximately 0.05% of Bancorp worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Bancorp during the 1st quarter worth about $39,000. Brooklyn Investment Group acquired a new stake in Bancorp during the first quarter worth approximately $58,000. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Bancorp in the 2nd quarter worth approximately $170,000. Systematic Alpha Investments LLC purchased a new stake in Bancorp in the 1st quarter worth approximately $201,000. Finally, EntryPoint Capital LLC acquired a new position in Bancorp in the 1st quarter valued at $208,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Performance

NASDAQ:TBBK opened at $64.41 on Tuesday. The company has a market cap of $2.83 billion, a P/E ratio of 13.85 and a beta of 1.34. The firm’s 50 day moving average is $70.20 and its two-hundred day moving average is $65.67. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $81.65. 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 (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The firm had revenue of $134.82 million for the quarter, compared to analyst estimates 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. Analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a report on Monday, November 24th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Insiders Place Their Bets

In other news, EVP Ryan Harris sold 9,841 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $76.37, for a total value of $751,557.17. Following the transaction, the executive vice president directly owned 129,598 shares in the company, valued at $9,897,399.26. This trade represents a 7.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $941,654.48. Following the sale, the chief operating officer directly owned 110,107 shares of the company’s stock, valued at approximately $8,273,439.98. This trade represents a 10.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,841 shares of company stock worth $1,729,716 over the last three months. 5.60% of the stock is owned by insiders.

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.