Bancorp (NASDAQ:TBBK) Sets New 52-Week Low – Here’s Why

The Bancorp, Inc. (NASDAQ:TBBK) hit a new 52-week low on Thursday . The company traded as low as $48.41 and last traded at $50.03, with a volume of 2930102 shares trading hands. The stock had previously closed at $64.41.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America reissued a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. 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 restated an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

Bancorp Stock Down 22.3%

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 company has a market cap of $2.04 billion, a PE ratio of 9.40 and a beta of 1.18. The business’s 50 day moving average is $66.94 and its 200-day moving average is $60.00.

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

Insider Transactions at Bancorp

In other Bancorp news, CAO Martin Egan sold 3,057 shares of Bancorp stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the sale, the chief accounting officer directly owned 30,219 shares of the company’s stock, valued at $2,176,674.57. The trade was a 9.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bancorp

Several hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in Bancorp by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock worth $318,000 after purchasing an additional 197 shares during the last quarter. California State Teachers Retirement System increased its position in Bancorp by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 42,929 shares of the bank’s stock valued at $2,446,000 after acquiring an additional 253 shares during the period. Janney Montgomery Scott LLC increased its position in Bancorp by 4.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,856 shares of the bank’s stock valued at $368,000 after acquiring an additional 267 shares during the period. Cerity Partners LLC raised its stake in Bancorp by 1.1% during the 4th quarter. Cerity Partners LLC now owns 27,518 shares of the bank’s stock valued at $1,858,000 after acquiring an additional 309 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Bancorp during the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

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.