Bancorp (NASDAQ:TBBK) Director Stephanie Mudick Purchases 1,000 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) Director Stephanie Mudick acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average cost of $47.49 per share, for a total transaction of $47,490.00. Following the completion of the purchase, the director owned 45,150 shares of the company’s stock, valued at $2,144,173.50. This trade represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bancorp Trading Up 1.1%

NASDAQ:TBBK traded up $0.51 on Friday, reaching $48.25. 415,057 shares of the stock traded hands, compared to its average volume of 519,525. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 8.51 and a beta of 1.20. The company’s 50 day moving average is $51.68 and its 200-day moving average is $58.04. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.32. The Bancorp, Inc. has a 1-year low of $45.08 and a 1-year high of $73.02.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, October 29th. The bank reported $1.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.47. Bancorp had a net margin of 30.13% and a return on equity of 34.29%. The firm had revenue of $135.89 million during the quarter, compared to analyst estimates of $154.86 million. Equities research analysts anticipate that The Bancorp, Inc. will post 5.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Bancorp in the 2nd quarter worth approximately $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Bancorp during the third quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in shares of Bancorp by 177.3% during the third quarter. Versant Capital Management Inc now owns 1,198 shares of the bank’s stock valued at $58,000 after acquiring an additional 766 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Bancorp by 840.4% during the third quarter. Sterling Capital Management LLC now owns 1,326 shares of the bank’s stock worth $64,000 after acquiring an additional 1,185 shares during the period. Finally, Parallel Advisors LLC boosted its position in Bancorp by 4,089.7% in the third quarter. Parallel Advisors LLC now owns 1,634 shares of the bank’s stock worth $79,000 after purchasing an additional 1,595 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TBBK. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Bancorp in a research note on Tuesday, October 20th. Raymond James Financial reissued an “outperform” rating and issued a $57.00 price target on shares of Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods restated an “outperform” rating and set a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price objective (down from $86.00) on shares of Bancorp in a research report on Thursday, September 17th. Finally, Zacks Research lowered shares of Bancorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.88.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ:TBBK) is a financial technology-focused bank holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, N.A., the company provides banking and payment services primarily through partnerships with fintech companies, businesses, and other institutional clients rather than through a traditional branch network.

The company’s services include payment processing, prepaid and debit card programs, card issuance, automated clearing house (ACH) and other electronic payment solutions, deposit accounts, and commercial lending.