The Bancorp, Inc. (NASDAQ:TBBK) Given Average Recommendation of "Buy" by Brokerages

The Bancorp, Inc. (NASDAQ:TBBK) has received a consensus "Buy" recommendation from eight analysts, with an average price target of $62.00. Weiss Ratings upgraded Bancorp to "Buy". Insider transactions include CFO Dominic Canuso's purchase of shares and EVP Ryan Harris's sale. Institutional investors own 96.22% of the stock. Bancorp reported Q3 earnings of $1.18 per share, missing estimates. The company has a market cap of $2.94 billion and a PE ratio of 13.98.

Shares of The Bancorp, Inc. (NASDAQ:TBBK - Get Free Report) have received a consensus recommendation of "Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $62.00.

Should The Bancorp Make Your Small-Cap Watchlist for 2023?

Separately, Weiss Ratings upgraded Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday.

Get Our Latest Report on Bancorp

Insider Activity

In other Bancorp news, CFO Dominic C. Canuso acquired 1,800 shares of the stock in a transaction dated Friday, November 14th. The shares were purchased at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the purchase, the chief financial officer directly owned 3,500 shares of the company's stock, valued at approximately $214,340. This trade represents a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ryan Harris sold 9,841 shares of Bancorp stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $76.37, for a total value of $751,557.17. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at $9,897,399.26. This trade represents a 7.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,841 shares of company stock valued at $1,729,716 in the last quarter. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in Bancorp by 4.8% during the third quarter. Invesco Ltd. now owns 2,781,772 shares of the bank's stock valued at $208,327,000 after purchasing an additional 126,302 shares in the last quarter. American Century Companies Inc. raised its position in shares of Bancorp by 3.3% during the 2nd quarter. American Century Companies Inc. now owns 2,715,553 shares of the bank's stock valued at $154,705,000 after purchasing an additional 86,721 shares during the period. Wellington Management Group LLP lifted its stake in shares of Bancorp by 5.4% during the 1st quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank's stock valued at $96,248,000 after buying an additional 93,586 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Bancorp by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,373,686 shares of the bank's stock worth $78,266,000 after buying an additional 7,405 shares during the period. Finally, Owls Nest Partners IA LLC boosted its holdings in Bancorp by 6.4% in the 2nd quarter. Owls Nest Partners IA LLC now owns 1,265,404 shares of the bank's stock worth $72,090,000 after buying an additional 75,635 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Bancorp Stock Performance

Shares of TBBK stock opened at $66.98 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $69.74 and a 200-day moving average price of $65.75. Bancorp has a 52 week low of $40.51 and a 52 week high of $81.65. The firm has a market capitalization of $2.94 billion, a PE ratio of 13.98 and a beta of 1.29.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.16). The company had revenue of $134.82 million during the quarter, compared to analysts' expectations of $99.60 million. Bancorp had a return on equity of 27.97% and a net margin of 26.15%.Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. As a group, equities research analysts expect that Bancorp will post 5.31 earnings per share for the current year.

Bancorp Company Profile

(Get Free Report)

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.

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