Yousif Capital Management LLC Has $992,000 Stake in The Bancorp, Inc. $TBBK

Yousif Capital Management LLC trimmed its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 17,411 shares of the bank’s stock after selling 189 shares during the period. Yousif Capital Management LLC’s holdings in Bancorp were worth $992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TBBK. Quarry LP acquired a new stake in Bancorp in the first quarter valued at $39,000. Brooklyn Investment Group acquired a new stake in Bancorp during the 1st quarter worth about $58,000. GAMMA Investing LLC grew its holdings in Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after acquiring an additional 456 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Bancorp during the 1st quarter worth about $169,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Bancorp during the 2nd quarter worth about $170,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TBBK. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $65.00 price target on shares of Bancorp in a report on Friday, July 11th. Raymond James Financial upgraded Bancorp from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, July 7th. Morgan Stanley reiterated an “overweight” rating and set a $52.00 price target on shares of Bancorp in a report on Friday, July 18th. Barclays reiterated a “buy” rating on shares of Bancorp in a report on Monday, July 7th. Finally, Jefferies Financial Group upgraded Bancorp to a “buy” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Bancorp Stock Performance

Shares of TBBK opened at $74.92 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a 50-day moving average of $74.81 and a 200-day moving average of $61.80. The company has a market cap of $3.45 billion, a PE ratio of 16.11 and a beta of 1.31. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, beating the consensus estimate of $1.26 by $0.01. The company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 27.16%. Bancorp has set its FY 2025 guidance at 5.250-5.250 EPS. On average, equities research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Matthew Cohn purchased 1,350 shares of the business’s stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $87,480.00. Following the purchase, the director owned 1,350 shares of the company’s stock, valued at approximately $87,480. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Gregor J. Garry sold 12,532 shares of Bancorp stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $75.14, for a total value of $941,654.48. Following the transaction, the chief operating officer owned 110,107 shares of the company’s stock, valued at $8,273,439.98. This trade represents a 10.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 2,462 shares of company stock worth $157,786 and have sold 322,841 shares worth $20,990,025. Insiders own 5.20% 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.