SG Americas Securities LLC Boosts Holdings in The Bancorp, Inc. $TBBK

SG Americas Securities LLC lifted its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 526.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,880 shares of the bank’s stock after acquiring an additional 36,035 shares during the period. SG Americas Securities LLC’s holdings in Bancorp were worth $3,211,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TBBK. Lazard Asset Management LLC purchased a new stake in shares of Bancorp during the 2nd quarter valued at $53,000. GAMMA Investing LLC increased its position in shares of Bancorp by 19.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,588 shares of the bank’s stock worth $119,000 after purchasing an additional 261 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Bancorp in the 2nd quarter valued at about $170,000. Captrust Financial Advisors bought a new position in shares of Bancorp during the second quarter worth about $202,000. Finally, Guyasuta Investment Advisors Inc. acquired a new position in Bancorp in the third quarter worth about $210,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bancorp

In other news, CFO Dominic C. Canuso acquired 1,800 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of $61.24 per share, with a total value of $110,232.00. Following the acquisition, the chief financial officer directly owned 3,500 shares in the company, valued at approximately $214,340. The trade was a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.33.

Bancorp Price Performance

TBBK opened at $69.44 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $66.04 and its 200 day moving average price is $69.12. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $81.65. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 14.50 and a beta of 1.27.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The company had revenue of $134.82 million for the quarter, compared to the consensus estimate of $99.60 million. Bancorp had a return on equity of 27.97% and a net margin of 26.15%.Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. As a group, sell-side analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Bancorp 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.