Bancorp (NASDAQ:TBBK) Shares Gap Down – Here’s What Happened

The Bancorp, Inc. (NASDAQ:TBBK)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $64.41, but opened at $53.32. Bancorp shares last traded at $49.9440, with a volume of 472,926 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $86.00 price objective (up from $70.00) on shares of Bancorp in a research note on Monday, August 3rd. Raymond James Financial set a $88.00 target price on Bancorp in a research note on Friday, August 7th. Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Finally, Bank of America reiterated a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

Bancorp Stock Performance

The stock’s 50-day simple moving average is $67.23 and its 200 day simple moving average is $60.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $2.02 billion, a PE ratio of 9.33 and a beta of 1.18.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.09. The business had revenue of $137.74 million during the quarter, compared to analysts’ expectations 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, research analysts expect that The Bancorp, Inc. will post 6.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd increased its holdings in shares of Bancorp by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 23,675 shares of the bank’s stock valued at $1,483,000 after acquiring an additional 1,032 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Bancorp by 20.0% during the second quarter. Engineers Gate Manager LP now owns 24,012 shares of the bank’s stock worth $1,504,000 after purchasing an additional 3,998 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Bancorp in the second quarter valued at approximately $25,000. Squarepoint Ops LLC increased its stake in Bancorp by 1,000.0% in the second quarter. Squarepoint Ops LLC now owns 54,934 shares of the bank’s stock valued at $3,441,000 after purchasing an additional 49,940 shares during the last quarter. Finally, Nykredit A S acquired a new stake in Bancorp during the second quarter worth approximately $167,000. 96.22% of the stock is owned by institutional investors and hedge funds.

About Bancorp

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.