Matthew Cohn Buys 476 Shares of The Bancorp, Inc. (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) Director Matthew Cohn purchased 476 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average price of $32.51 per share, for a total transaction of $15,474.76. Following the completion of the transaction, the director now owns 53,307 shares in the company, valued at $1,733,010.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Matthew Cohn also recently made the following trade(s):

• On Wednesday, May 1st, Matthew Cohn bought 230 shares of Bancorp stock. The shares were acquired at an average price of $30.25 per share, for a total transaction of $6,957.50.
• On Friday, March 15th, Matthew Cohn purchased 2,485 shares of Bancorp stock. The stock was acquired at an average cost of $34.21 per share, with a total value of $85,011.85.

Bancorp Stock Performance

Bancorp stock opened at $32.42 on Wednesday. The company has a market cap of $1.69 billion, a PE ratio of 8.81 and a beta of 1.43. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The Bancorp, Inc. has a 1 year low of $28.41 and a 1 year high of $47.11. The company’s 50-day moving average is $34.27 and its two-hundred day moving average is $37.87.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting 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 period last year, the company earned $0.88 EPS. Equities analysts anticipate that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TBBK. Raymond James raised their price objective on shares of Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TBBK. Carmel Capital Partners LLC bought a new stake in Bancorp in the third quarter valued at about $34,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Bancorp during the 3rd quarter worth about $88,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Bancorp in the 3rd quarter valued at about $103,000. Quest Partners LLC acquired a new stake in shares of Bancorp in the 4th quarter valued at approximately $115,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Bancorp during the 3rd quarter worth approximately $157,000. 96.22% of the stock is currently owned by institutional investors.

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.