Kendall Capital Management Purchases Shares of 16,190 The Bancorp, Inc. $TBBK

Kendall Capital Management acquired a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the second quarter, Holdings Channel reports. The fund acquired 16,190 shares of the bank’s stock, valued at approximately $1,014,000.

Several other large investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Bancorp by 273.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock valued at $46,574,000 after acquiring an additional 455,265 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Bancorp during the 1st quarter valued at about $15,063,000. Jupiter Asset Management Ltd. grew its position in Bancorp by 148.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock worth $27,227,000 after acquiring an additional 241,058 shares during the last quarter. Nantahala Capital Management LLC grew its position in Bancorp by 25.7% during the 4th quarter. Nantahala Capital Management LLC now owns 1,071,685 shares of the bank’s stock worth $72,360,000 after acquiring an additional 219,351 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Bancorp by 104.5% in the 1st quarter. Bank of America Corp DE now owns 426,613 shares of the bank’s stock worth $22,922,000 after purchasing an additional 218,038 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Trading Up 0.4%

TBBK opened at $67.19 on Friday. The business has a 50 day simple moving average of $65.44 and a two-hundred day simple moving average of $59.49. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 12.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87. The Bancorp, Inc. has a one year low of $50.20 and a one year high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million for the quarter, compared to analyst estimates of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Analysts predict that The Bancorp, Inc. will post 6.02 EPS for the current year.

Insider Activity at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total value of $220,195.71. Following the completion of the sale, the chief accounting officer owned 30,219 shares of the company’s stock, valued at $2,176,674.57. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TBBK shares. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Raymond James Financial set a $88.00 target price on shares of Bancorp in a research note on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $86.00 price target (up from $70.00) on shares of Bancorp in a report on Monday, August 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $79.00 price target (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.17.

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.