Hersh Kozlov Buys 1,000 Shares of The Bancorp, Inc. (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) Director Hersh Kozlov bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of $32.53 per share, for a total transaction of $32,530.00. Following the acquisition, the director now directly owns 111,264 shares of the company’s stock, valued at approximately $3,619,417.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bancorp Stock Performance

NASDAQ TBBK opened at $32.42 on Wednesday. The Bancorp, Inc. has a 52-week low of $28.41 and a 52-week high of $47.11. The stock has a market cap of $1.69 billion, a PE ratio of 8.81 and a beta of 1.43. The firm has a 50-day moving average of $34.27 and a 200-day moving average of $37.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Friday, April 26th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, sell-side analysts anticipate that The Bancorp, Inc. will post 4.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TBBK. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Raymond James upped their price objective on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, April 5th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. boosted its position in shares of Bancorp by 80.7% in the third quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock valued at $25,032,000 after acquiring an additional 323,986 shares during the period. Moody Aldrich Partners LLC bought a new stake in Bancorp in the 4th quarter valued at about $7,184,000. Principal Financial Group Inc. grew its position in shares of Bancorp by 21.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock worth $39,984,000 after purchasing an additional 184,647 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bancorp by 21.9% during the third quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock worth $33,824,000 after purchasing an additional 175,854 shares during the period. Finally, FMR LLC raised its position in shares of Bancorp by 3.3% in the third quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after buying an additional 157,987 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

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.