Los Angeles Capital Management LLC Has $2.25 Million Stake in The Bancorp, Inc. $TBBK

Los Angeles Capital Management LLC lifted its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 47.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,541 shares of the bank’s stock after purchasing an additional 12,660 shares during the period. Los Angeles Capital Management LLC’s holdings in Bancorp were worth $2,253,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TBBK. Hsbc Holdings PLC grew its holdings in Bancorp by 158.7% during the 1st quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank’s stock worth $946,000 after acquiring an additional 11,037 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of Bancorp during the first quarter worth $673,000. Capital Fund Management S.A. bought a new stake in shares of Bancorp in the first quarter worth $999,000. Nuveen LLC acquired a new stake in Bancorp in the first quarter valued at $11,417,000. Finally, Teacher Retirement System of Texas raised its position in Bancorp by 44.8% during the 1st quarter. Teacher Retirement System of Texas now owns 11,472 shares of the bank’s stock worth $606,000 after purchasing an additional 3,552 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TBBK shares. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price target on shares of Bancorp in a research report on Friday, July 18th. Oppenheimer reiterated an “outperform” rating on shares of Bancorp in a report on Friday, July 18th. Finally, Weiss Ratings upgraded shares of Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bancorp presently has a consensus rating of “Buy” and an average price target of $62.00.

Insider Buying and Selling at Bancorp

In other news, COO Gregor J. Garry sold 12,532 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was 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 directly owned 110,107 shares of the company’s stock, valued at $8,273,439.98. This represents a 10.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ryan Harris sold 9,841 shares of the firm’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 $9,897,399.26. This represents a 7.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,841 shares of company stock worth $1,729,716. Corporate insiders own 5.60% of the company’s stock.

Bancorp Price Performance

TBBK stock opened at $62.44 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The company’s 50-day moving average is $74.49 and its 200-day moving average is $64.50. The stock has a market capitalization of $2.88 billion, a PE ratio of 13.43 and a beta of 1.34. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $81.65.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results 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). Bancorp had a return on equity of 27.24% and a net margin of 27.16%.The firm had revenue of $134.82 million for the quarter, compared to analyst estimates of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Equities research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

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.