The Bancorp, Inc. (NASDAQ:TBBK) Given Average Rating of “Buy” by Brokerages

The Bancorp, Inc. (NASDAQ:TBBK) has earned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, five have issued 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 $62.00.

Several analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $65.00 target price on shares of Bancorp in a report on Friday, July 11th. Oppenheimer reaffirmed an “outperform” rating on shares of Bancorp in a report on Friday, July 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $52.00 target price on shares of Bancorp in a report on Friday, July 18th. Raymond James Financial raised shares of Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 7th. Finally, Barclays reaffirmed a “buy” rating on shares of Bancorp in a report on Monday, July 7th.

Insider Buying and Selling at Bancorp

In other Bancorp news, COO Gregor J. Garry sold 12,532 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $75.14, for a total value of $941,654.48. Following the completion of the sale, the chief operating officer owned 110,107 shares of the company’s stock, valued at $8,273,439.98. The trade was a 10.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Damian Kozlowski sold 39,659 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $62.74, for a total transaction of $2,488,205.66. Following the completion of the sale, the chief executive officer directly owned 657,656 shares of the company’s stock, valued at $41,261,337.44. This represents a 5.69% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,462 shares of company stock worth $157,786 and sold 322,841 shares worth $20,990,025. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Bancorp

A number of institutional investors have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Bancorp during the 1st quarter worth approximately $39,000. Lazard Asset Management LLC bought a new stake in shares of Bancorp during the 2nd quarter worth approximately $53,000. Brooklyn Investment Group bought a new stake in shares of Bancorp during the 1st quarter worth approximately $58,000. GAMMA Investing LLC lifted its holdings in shares of Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after acquiring an additional 456 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Bancorp during the 1st quarter worth approximately $169,000. Institutional investors own 96.22% of the company’s stock.

Bancorp Stock Performance

Shares of TBBK stock opened at $77.02 on Friday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 16.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91. The company has a 50-day simple moving average of $70.94 and a 200 day simple moving average of $58.69. Bancorp has a 52 week low of $40.51 and a 52 week high of $80.76.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $138.00 million during the quarter, compared to the consensus estimate of $94.87 million. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, sell-side analysts predict that Bancorp will post 5.31 earnings per share for the current year.

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.