4,279 Shares in The Bancorp, Inc. $TBBK Purchased by Corton Capital Inc.

Corton Capital Inc. bought a new stake in The Bancorp, Inc. (NASDAQ:TBBK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,279 shares of the bank’s stock, valued at approximately $244,000.

Several other large investors also recently modified their holdings of TBBK. Quarry LP purchased a new position in shares of Bancorp during the 1st quarter valued at $39,000. Brooklyn Investment Group bought a new stake in Bancorp in the 1st quarter valued at about $58,000. GAMMA Investing LLC lifted its holdings in Bancorp by 45.2% during the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock valued at $77,000 after purchasing an additional 456 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in Bancorp during the second quarter worth about $170,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Bancorp in the first quarter worth about $169,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TBBK. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $65.00 price objective on shares of Bancorp in a research note on Friday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 target price on shares of Bancorp in a research note on Friday, July 18th. Jefferies Financial Group raised shares of Bancorp to a “buy” rating in a report on Monday, July 7th. Raymond James Financial raised Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 7th. Finally, Barclays reaffirmed a “buy” rating on shares of Bancorp in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $62.00.

Bancorp Trading Down 3.7%

Shares of TBBK stock opened at $62.93 on Tuesday. 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 12-month low of $40.51 and a 12-month high of $81.65. The stock has a market capitalization of $2.90 billion, a P/E ratio of 13.53 and a beta of 1.31. The firm’s 50 day moving average is $75.93 and its 200 day moving average is $63.95.

Bancorp (NASDAQ:TBBK) last released its quarterly 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 firm had revenue of $174.61 million for the quarter, compared to the consensus estimate 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. Research analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Transactions at Bancorp

In other news, EVP Ryan Harris sold 9,841 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $76.37, for a total value of $751,557.17. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at $9,897,399.26. This represents a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Gregor J. Garry sold 12,532 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $75.14, for a total transaction of $941,654.48. Following the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 22,841 shares of company stock worth $1,729,716. 5.60% of the stock is owned by corporate insiders.

Bancorp 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.