The Bancorp, Inc. (NASDAQ:TBBK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.3333.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bancorp in a report on Monday, December 29th.

Insider Transactions at Bancorp

In related news, CFO Dominic C. Canuso bought 1,800 shares of the business’s stock in a transaction on Friday, November 14th. The shares were bought at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TBBK. Hsbc Holdings PLC lifted its position in Bancorp by 158.7% during the first quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank’s stock valued at $946,000 after acquiring an additional 11,037 shares during the last quarter. Quarry LP acquired a new position in shares of Bancorp during the first quarter worth $39,000. Royal Bank of Canada lifted its holdings in shares of Bancorp by 98.2% during the 1st quarter. Royal Bank of Canada now owns 76,696 shares of the bank’s stock valued at $4,052,000 after purchasing an additional 37,993 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Bancorp in the 1st quarter worth $587,000. Finally, Amundi grew its stake in Bancorp by 8.1% during the 1st quarter. Amundi now owns 26,162 shares of the bank’s stock worth $1,281,000 after buying an additional 1,967 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Trading Up 0.2%

NASDAQ TBBK opened at $67.66 on Monday. Bancorp has a one year low of $40.51 and a one year high of $81.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 14.13 and a beta of 1.27. The company’s 50-day simple moving average is $66.50 and its two-hundred day simple moving average is $68.45.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The business had revenue of $134.82 million for the quarter, compared to the consensus estimate 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. Equities analysts forecast that Bancorp will post 5.31 EPS for the current fiscal year.

Bancorp Company Profile

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.