The Bancorp, Inc. $TBBK Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in The Bancorp, Inc. (NASDAQ:TBBK) by 1,000.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,934 shares of the bank’s stock after buying an additional 49,940 shares during the quarter. Squarepoint Ops LLC’s holdings in Bancorp were worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nykredit A S purchased a new stake in Bancorp during the second quarter valued at about $167,000. Amundi raised its holdings in shares of Bancorp by 11.3% in the 2nd quarter. Amundi now owns 14,303 shares of the bank’s stock worth $896,000 after purchasing an additional 1,447 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Bancorp in the 2nd quarter worth about $1,054,000. California State Teachers Retirement System lifted its stake in shares of Bancorp by 6,002.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,178,604 shares of the bank’s stock valued at $199,108,000 after purchasing an additional 3,126,515 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Bancorp by 54.8% in the 2nd quarter. Headlands Technologies LLC now owns 17,532 shares of the bank’s stock valued at $1,098,000 after purchasing an additional 6,207 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $86.00 target price (up from $70.00) on shares of Bancorp in a report on Monday, August 3rd. Raymond James Financial set a $88.00 price target on shares of Bancorp in a research report on Friday, August 7th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 price objective (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. Weiss Ratings raised shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Bank of America reissued a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Bancorp currently has an average rating of “Moderate Buy” and an average target price of $71.17.

Insider Transactions at Bancorp

In other news, CAO Martin Egan sold 3,057 shares of Bancorp stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $72.03, for a total transaction of $220,195.71. Following the sale, the chief accounting officer owned 30,219 shares in the company, valued at $2,176,674.57. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.00% of the stock is owned by company insiders.

Bancorp Price Performance

TBBK stock opened at $50.63 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.88. The Bancorp, Inc. has a 1 year low of $48.41 and a 1 year high of $81.65. The firm has a market cap of $2.07 billion, a P/E ratio of 9.52 and a beta of 1.18. The stock has a 50-day simple moving average of $66.40 and a 200-day simple moving average of $59.88.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate 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. On average, equities analysts predict that The Bancorp, Inc. will post 6.02 earnings per share for the current fiscal year.

Bancorp Profile

The Bancorp, Inc is a financial holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, National Association, the company provides banking and payment solutions primarily to financial technology companies, non-bank businesses and institutional clients.

The company’s services include sponsor banking, deposit accounts, payment cards, automated clearing house (ACH) processing, prepaid and commercial card programs, merchant services, and other payment-processing capabilities.