The Bancorp, Inc. (NASDAQ:TBBK) Receives Average Recommendation of “Moderate Buy” from Analysts

The Bancorp, Inc. (NASDAQ:TBBK) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.3333.

Separately, Weiss Ratings downgraded shares of Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 22nd.

Insiders Place Their Bets

In other Bancorp news, CFO Dominic C. Canuso purchased 1,800 shares of the stock in a transaction on Friday, November 14th. The shares were purchased at an average price of $61.24 per share, with a total value of $110,232.00. Following the completion of the transaction, the chief financial officer directly owned 3,500 shares in the company, valued at $214,340. This represents a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in Bancorp by 4.8% during the 3rd quarter. Invesco Ltd. now owns 2,781,772 shares of the bank’s stock valued at $208,327,000 after purchasing an additional 126,302 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Bancorp by 3.3% during the 2nd quarter. American Century Companies Inc. now owns 2,715,553 shares of the bank’s stock worth $154,705,000 after buying an additional 86,721 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Bancorp by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,373,686 shares of the bank’s stock worth $78,266,000 after buying an additional 7,405 shares during the last quarter. Owls Nest Partners IA LLC boosted its holdings in shares of Bancorp by 6.4% during the 2nd quarter. Owls Nest Partners IA LLC now owns 1,265,404 shares of the bank’s stock worth $72,090,000 after buying an additional 75,635 shares during the period. Finally, Franklin Resources Inc. grew its stake in Bancorp by 11.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,112,816 shares of the bank’s stock valued at $63,397,000 after buying an additional 114,846 shares during the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.

Bancorp Trading Down 1.4%

Shares of Bancorp stock opened at $69.85 on Monday. The stock has a market cap of $3.07 billion, a P/E ratio of 14.58 and a beta of 1.29. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. Bancorp has a 12-month low of $40.51 and a 12-month high of $81.65. The business’s 50 day moving average is $67.26 and its 200-day moving average is $67.83.

Bancorp (NASDAQ:TBBK) last released 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 net margin of 26.15% and a return on equity of 27.97%. The firm had revenue of $134.82 million during the quarter, compared to the consensus estimate of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Equities research analysts predict that Bancorp will post 5.31 earnings per share for the current fiscal year.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.