Dominic Canuso Purchases 200 Shares of Bancorp (NASDAQ:TBBK) Stock

The Bancorp, Inc. (NASDAQ:TBBK) CFO Dominic Canuso purchased 200 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $60.50 per share, for a total transaction of $12,100.00. Following the purchase, the chief financial officer owned 3,700 shares in the company, valued at $223,850. This represents a 5.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Bancorp Stock Performance

Shares of TBBK stock opened at $56.99 on Thursday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.88. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $81.65. The company’s 50-day moving average is $67.24 and its 200 day moving average is $69.36.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.18). Bancorp had a return on equity of 28.91% and a net margin of 26.15%.The firm had revenue of $132.21 million during the quarter, compared to analysts’ expectations of $101.10 million. Sell-side analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Institutional Trading of Bancorp

A number of hedge funds have recently bought and sold shares of TBBK. Rothschild Investment LLC boosted its position in Bancorp by 213.6% in the third quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock worth $26,000 after purchasing an additional 235 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Bancorp by 78.6% in the 3rd quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after purchasing an additional 176 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Bancorp in the 4th quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after buying an additional 659 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in Bancorp during the third quarter valued at approximately $66,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th. Bank of America set a $60.00 price target on Bancorp in a report on Wednesday, January 21st. Raymond James Financial reiterated a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Piper Sandler reissued an “overweight” rating on shares of Bancorp in a research report on Monday. Finally, Zacks Research downgraded shares of Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bancorp has a consensus rating of “Moderate Buy” and an average price target of $58.20.

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.