Dominic Canuso Buys 1,700 Shares of Bancorp (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) CFO Dominic Canuso bought 1,700 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of $64.64 per share, with a total value of $109,888.00. Following the transaction, the chief financial officer owned 1,700 shares of the company’s stock, valued at $109,888. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bancorp Stock Down 0.9%

NASDAQ:TBBK opened at $61.54 on Friday. The business’s fifty day moving average price is $73.43 and its 200 day moving average price is $64.80. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 13.23 and a beta of 1.34. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.14. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $81.65.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 30th. The bank reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.16). The business had revenue of $134.82 million for the quarter, compared to analysts’ expectations of $99.60 million. Bancorp had a net margin of 27.16% and a return on equity of 27.24%. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. On average, sell-side analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bancorp has an average rating of “Moderate Buy” and an average price target of $62.00.

Institutional Investors Weigh In On Bancorp

Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC raised its position in Bancorp by 213.6% during the third quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after acquiring an additional 235 shares in the last quarter. Bessemer Group Inc. grew its position in Bancorp by 78.6% in the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after acquiring an additional 176 shares in the last quarter. Quarry LP acquired a new position in shares of Bancorp during the 1st quarter worth $39,000. Lazard Asset Management LLC bought a new position in shares of Bancorp during the 2nd quarter valued at $53,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Bancorp in the 1st quarter valued at $58,000. Institutional investors own 96.22% of the company’s stock.

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.