Emerald Advisers LLC Lowers Holdings in The Bancorp, Inc. $TBBK

Emerald Advisers LLC trimmed its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 602,580 shares of the bank’s stock after selling 23,833 shares during the quarter. Bancorp makes up approximately 1.4% of Emerald Advisers LLC’s holdings, making the stock its 15th biggest position. Emerald Advisers LLC owned 1.31% of Bancorp worth $45,127,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Bancorp in the second quarter valued at $53,000. GAMMA Investing LLC lifted its position in shares of Bancorp by 19.7% during the third quarter. GAMMA Investing LLC now owns 1,588 shares of the bank’s stock worth $119,000 after purchasing an additional 261 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Bancorp by 8.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the bank’s stock valued at $157,000 after buying an additional 169 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Bancorp during the second quarter valued at approximately $202,000. Finally, Guyasuta Investment Advisors Inc. purchased a new stake in shares of Bancorp in the 3rd quarter worth $210,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Insider Buying and Selling at Bancorp

In related news, CFO Dominic C. Canuso purchased 1,800 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of $61.24 per share, for a total transaction of $110,232.00. Following the completion of the transaction, the chief financial officer directly owned 3,500 shares of the company’s stock, valued at approximately $214,340. This trade represents a 105.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is currently owned by corporate insiders.

Bancorp Trading Up 4.6%

TBBK stock opened at $69.54 on Thursday. 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 Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $81.65. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 14.52 and a beta of 1.27. The business’s 50-day moving average is $66.96 and its 200 day moving average is $69.59.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The firm had revenue of $134.82 million during the quarter, compared to analysts’ expectations of $99.60 million. Bancorp had a net margin of 26.15% and a return on equity of 27.97%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. On average, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analysts Set New Price Targets

TBBK has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $57.00 price objective on shares of Bancorp in a report on Wednesday. Finally, William Blair set a $60.00 target price on Bancorp in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $60.20.

Bancorp Profile

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.