Epoch Investment Partners Inc. Has $2.93 Million Position in The Bancorp, Inc. $TBBK

Epoch Investment Partners Inc. decreased its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,472 shares of the bank’s stock after selling 11,505 shares during the period. Epoch Investment Partners Inc. owned approximately 0.11% of Bancorp worth $2,932,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TBBK. Quarry LP bought a new position in shares of Bancorp in the first quarter valued at approximately $39,000. Brooklyn Investment Group bought 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 2nd quarter valued at $170,000. Systematic Alpha Investments LLC bought a new position in Bancorp during the 1st quarter valued at $201,000. Finally, EntryPoint Capital LLC bought a new position in Bancorp during the 1st quarter valued at $208,000. 96.22% of the stock is owned by institutional investors.

Bancorp Stock Up 0.5%

TBBK stock opened at $65.99 on Friday. The stock has a market cap of $2.90 billion, a P/E ratio of 13.78 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $69.29 and its two-hundred day simple moving average is $65.92. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $81.65.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The business had revenue of $134.82 million for the quarter, compared to the consensus estimate of $99.60 million. Bancorp had a return on equity of 27.97% and a net margin of 26.15%.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.

Insiders Place Their Bets

In related news, CFO Dominic C. Canuso purchased 1,800 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $61.24 per share, with a total value of $110,232.00. Following the acquisition, the chief financial officer owned 3,500 shares of the company’s stock, valued at $214,340. This trade represents a 105.88% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Ryan Harris sold 9,841 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $76.37, for a total value of $751,557.17. Following the completion of the transaction, the executive vice president owned 129,598 shares in the company, valued at approximately $9,897,399.26. The trade was a 7.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.