SG Americas Securities LLC Grows Stake in The Bancorp, Inc. $TBBK

SG Americas Securities LLC boosted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 526.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,880 shares of the bank’s stock after purchasing an additional 36,035 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of Bancorp worth $3,211,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of Bancorp during the 2nd quarter worth $53,000. GAMMA Investing LLC grew its stake in Bancorp by 19.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,588 shares of the bank’s stock valued at $119,000 after acquiring an additional 261 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in Bancorp during the 3rd quarter valued at about $210,000. Longboard Asset Management LP acquired a new position in Bancorp during the third quarter worth about $212,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Bancorp in the second quarter valued at about $170,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Price Performance

NASDAQ:TBBK opened at $69.44 on Tuesday. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $81.65. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 14.50 and a beta of 1.27. The company’s 50-day moving average is $66.04 and its two-hundred day moving average is $69.12. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data 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). The firm had revenue of $134.82 million during the quarter, compared to analyst estimates of $99.60 million. Bancorp had a net margin of 26.15% and a return on equity of 27.97%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current year.

Insiders Place Their Bets

In other Bancorp news, CFO Dominic C. Canuso purchased 1,800 shares of Bancorp stock in a transaction on Friday, November 14th. The shares were bought at an average price of $61.24 per share, with a total value of $110,232.00. Following the purchase, the chief financial officer directly owned 3,500 shares in the company, valued at $214,340. This trade represents a 105.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.33.

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.