The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry Sells 11,256 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry sold 11,256 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the sale, the executive vice president now directly owns 15,262 shares in the company, valued at $491,131.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bancorp Price Performance

Shares of TBBK opened at $33.14 on Thursday. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.01 and a beta of 1.43. The firm’s fifty day simple moving average is $34.04 and its 200-day simple moving average is $37.84. The Bancorp, Inc. has a twelve month low of $28.41 and a twelve month high of $47.11. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same period in the previous year, the firm earned $0.88 EPS. Equities analysts forecast that The Bancorp, Inc. will post 4.51 EPS for the current fiscal year.

Institutional Trading of Bancorp

Large investors have recently bought and sold shares of the business. Epoch Investment Partners Inc. raised its holdings in shares of Bancorp by 80.7% in the third quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock valued at $25,032,000 after buying an additional 323,986 shares during the last quarter. Moody Aldrich Partners LLC acquired a new position in Bancorp in the 4th quarter valued at about $7,184,000. Principal Financial Group Inc. raised its stake in Bancorp by 21.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock valued at $39,984,000 after acquiring an additional 184,647 shares during the last quarter. American Century Companies Inc. lifted its position in Bancorp by 21.9% during the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock worth $33,824,000 after acquiring an additional 175,854 shares during the period. Finally, FMR LLC grew its stake in shares of Bancorp by 3.3% in the 3rd quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after purchasing an additional 157,987 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TBBK. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods cut their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Finally, Raymond James lifted their price objective on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 29th.

Bancorp Company 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.