The Bancorp, Inc. (NASDAQ:TBBK) EVP Sells $508,609.60 in Stock

The Bancorp, Inc. (NASDAQ:TBBK) EVP Matthew J. Wallace sold 10,160 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total transaction of $508,609.60. Following the sale, the executive vice president now directly owns 74,798 shares of the company’s stock, valued at approximately $3,744,387.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bancorp Stock Down 1.2 %

Bancorp stock opened at $49.65 on Friday. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $59.26. The firm has a 50 day moving average price of $52.26 and a 200-day moving average price of $43.35. The company has a market capitalization of $2.43 billion, a P/E ratio of 12.54 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a net margin of 39.22% and a return on equity of 26.63%. The company had revenue of $125.84 million for the quarter, compared to the consensus estimate of $131.34 million. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, equities analysts predict that The Bancorp, Inc. will post 4.3 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TBBK shares. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Piper Sandler upped their price objective on shares of Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $55.00 target price (up from $46.00) on shares of Bancorp in a research report on Monday, July 29th.

Institutional Trading of Bancorp

A number of institutional investors have recently modified their holdings of the business. Sheets Smith Wealth Management purchased a new stake in shares of Bancorp during the 3rd quarter valued at approximately $376,000. HMS Capital Management LLC purchased a new stake in shares of Bancorp during the 3rd quarter valued at approximately $418,000. Rosenthal Henry Capital Advisors Inc. lifted its stake in shares of Bancorp by 1.4% during the 3rd quarter. Rosenthal Henry Capital Advisors Inc. now owns 170,243 shares of the bank’s stock valued at $9,108,000 after buying an additional 2,275 shares in the last quarter. James Investment Research Inc. lifted its stake in shares of Bancorp by 1.1% during the 3rd quarter. James Investment Research Inc. now owns 74,446 shares of the bank’s stock valued at $3,983,000 after buying an additional 810 shares in the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Bancorp during the 3rd quarter valued at approximately $83,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

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.