Insider Buying: The Bancorp Inc. (TBBK) CEO Acquires 50,000 Shares of Stock
The Bancorp Inc. (NASDAQ:TBBK) CEO Damian Kozlowski bought 50,000 shares of the stock in a transaction dated Tuesday, October 4th. The stock was bought at an average price of $4.50 per share, with a total value of $225,000.00. Following the acquisition, the chief executive officer now owns 350,000 shares in the company, valued at approximately $1,575,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Damian Kozlowski also recently made the following trade(s):
- On Wednesday, August 10th, Damian Kozlowski bought 9,790 shares of The Bancorp stock. The stock was bought at an average price of $4.95 per share, with a total value of $48,460.50.
Shares of The Bancorp Inc. (NASDAQ:TBBK) traded up 0.31% during trading on Wednesday, reaching $6.54. 205,124 shares of the company’s stock were exchanged. The company’s 50-day moving average is $6.00 and its 200 day moving average is $5.89. The stock’s market capitalization is $247.51 million. The Bancorp Inc. has a 52 week low of $3.88 and a 52 week high of $8.20.
The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.24. On average, analysts forecast that The Bancorp Inc. will post ($1.03) earnings per share for the current year.
TBBK has been the subject of a number of recent research reports. TheStreet cut shares of The Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 29th. Raymond James Financial Inc. upgraded shares of The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 price target for the company in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of The Bancorp from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th. Finally, BTIG Research reiterated a “buy” rating and set a $10.00 price target on shares of The Bancorp in a research note on Monday, July 25th.
Hedge funds have recently bought and sold shares of the stock. Aristotle Capital Boston LLC raised its stake in The Bancorp by 1.3% in the second quarter. Aristotle Capital Boston LLC now owns 360,411 shares of the company’s stock worth $2,170,000 after buying an additional 4,703 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in The Bancorp by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,773 shares of the company’s stock worth $643,000 after buying an additional 1,806 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in The Bancorp during the second quarter worth about $152,000. Parametric Portfolio Associates LLC raised its stake in The Bancorp by 10.1% in the second quarter. Parametric Portfolio Associates LLC now owns 383,175 shares of the company’s stock worth $2,307,000 after buying an additional 35,204 shares in the last quarter. Finally, State Street Corp raised its stake in The Bancorp by 6.6% in the second quarter. State Street Corp now owns 565,978 shares of the company’s stock worth $3,411,000 after buying an additional 35,175 shares in the last quarter. Institutional investors own 77.98% of the company’s stock.
The Bancorp Company Profile
The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate.
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