Arcus Capital Partners LLC Purchases 556 Shares of The Bancorp, Inc. $TBBK

Arcus Capital Partners LLC lifted its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 6.2% in the second quarter, Holdings Channel.com reports. The fund owned 9,541 shares of the bank’s stock after purchasing an additional 556 shares during the period. Arcus Capital Partners LLC’s holdings in Bancorp were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TBBK. GAMMA Investing LLC boosted its holdings in shares of Bancorp by 45.2% in the first 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. Janney Montgomery Scott LLC boosted its holdings in shares of Bancorp by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,225 shares of the bank’s stock worth $329,000 after acquiring an additional 822 shares during the period. Yorktown Management & Research Co Inc bought a new position in shares of Bancorp in the first quarter worth $227,000. Sequoia Financial Advisors LLC bought a new position in shares of Bancorp in the first quarter worth $518,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Bancorp by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,752 shares of the bank’s stock worth $897,000 after acquiring an additional 5,872 shares during the period. 96.22% of the stock is owned by institutional investors.

Bancorp Trading Down 0.3%

NASDAQ TBBK opened at $71.44 on Friday. The stock’s 50-day simple moving average is $74.46 and its two-hundred day simple moving average is $61.41. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month 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. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 15.36 and a beta of 1.31.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $94.87 million. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. Research analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on TBBK. Raymond James Financial raised Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 7th. Barclays reiterated a “buy” rating on shares of Bancorp in a research report on Monday, July 7th. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price objective on shares of Bancorp in a research report on Friday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $65.00 price objective on shares of Bancorp in a research report on Friday, July 11th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Bancorp in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Insider Transactions at Bancorp

In related news, Director Matthew Cohn acquired 550 shares of Bancorp stock in a transaction dated Monday, August 4th. The shares were purchased at an average cost of $63.51 per share, with a total value of $34,930.50. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at $120,669. This represents a 40.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ryan Harris sold 9,841 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 2,462 shares of company stock worth $157,786 and have sold 322,841 shares worth $20,990,025. Corporate insiders own 5.60% of the company’s stock.

Bancorp Company 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.