Bancorp (NASDAQ:TBBK) CAO Martin Egan Sells 3,057 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) CAO Martin Egan sold 3,057 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the sale, the chief accounting officer directly owned 30,219 shares of the company’s stock, valued at approximately $2,176,674.57. This represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $70.74 on Friday. The Bancorp, Inc. has a 1 year low of $50.20 and a 1 year high of $81.65. The stock has a market capitalization of $2.95 billion, a P/E ratio of 13.30 and a beta of 1.19. The company’s 50-day moving average is $62.38 and its 200 day moving average is $59.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. The business had revenue of $137.74 million during the quarter, compared to analyst estimates of $166.69 million. Bancorp had a net margin of 32.91% and a return on equity of 32.32%. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. On average, sell-side analysts expect that The Bancorp, Inc. will post 6.02 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TBBK shares. Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Raymond James Financial reissued a “strong-buy” rating and set a $82.00 price objective on shares of Bancorp in a research report on Friday, July 31st. Bank of America restated a “buy” rating on shares of Bancorp in a report on Monday, July 20th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a research note on Monday. Finally, Piper Sandler reissued an “overweight” rating and set a $86.00 price target (up from $70.00) on shares of Bancorp in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Bancorp currently has an average rating of “Moderate Buy” and an average target price of $70.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC bought a new position in Bancorp in the 4th quarter worth about $27,000. Northwestern Mutual Wealth Management Co. increased its stake in Bancorp by 732.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after purchasing an additional 659 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Bancorp in the second quarter worth about $53,000. Kestra Advisory Services LLC purchased a new position in Bancorp in the fourth quarter worth about $68,000. Finally, Covestor Ltd lifted its stake in shares of Bancorp by 99.9% in the fourth quarter. Covestor Ltd now owns 2,029 shares of the bank’s stock worth $137,000 after buying an additional 1,014 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

About Bancorp

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.