Quantbot Technologies LP Purchases 47,699 Shares of The Bancorp, Inc. $TBBK

Quantbot Technologies LP boosted its position in The Bancorp, Inc. (NASDAQ:TBBK) by 445.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 58,398 shares of the bank’s stock after acquiring an additional 47,699 shares during the period. Quantbot Technologies LP’s holdings in Bancorp were worth $3,327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its stake in Bancorp by 158.7% in the first quarter. Hsbc Holdings PLC now owns 17,991 shares of the bank’s stock valued at $946,000 after buying an additional 11,037 shares during the period. HighTower Advisors LLC bought a new position in shares of Bancorp during the 1st quarter worth approximately $673,000. Capital Fund Management S.A. acquired a new position in shares of Bancorp during the 1st quarter worth approximately $999,000. Nuveen LLC acquired a new position in shares of Bancorp during the 1st quarter worth approximately $11,417,000. Finally, Siena Capital Partners GP LLC bought a new stake in Bancorp in the 1st quarter valued at $1,057,000. Institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Bancorp stock opened at $65.65 on Friday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.71 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $81.65. The stock’s 50 day moving average is $69.52 and its 200-day moving average is $65.75.

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). Bancorp had a return on equity of 27.97% and a net margin of 26.15%.The firm had revenue of $134.82 million for the quarter, compared to analyst estimates of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. Equities research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current year.

Insider Activity

In other Bancorp news, CFO Dominic C. Canuso acquired 1,800 shares of the company’s stock in a transaction on Friday, November 14th. The stock was acquired at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the purchase, the chief financial officer directly owned 3,500 shares of the company’s stock, valued at $214,340. This trade represents a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Gregor J. Garry sold 12,532 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $75.14, for a total transaction of $941,654.48. Following the completion of the sale, the chief operating officer directly owned 110,107 shares of the company’s stock, valued at $8,273,439.98. This represents a 10.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $62.00.

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.