The Bancorp, Inc. (NASDAQ:TBBK) Director John C. Chrystal sold 62,285 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.65, for a total value of $601,050.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of The Bancorp, Inc. (NASDAQ:TBBK) traded up $0.01 during midday trading on Thursday, hitting $9.65. The stock had a trading volume of 393,029 shares, compared to its average volume of 320,772. The Bancorp, Inc. has a 52 week low of $4.41 and a 52 week high of $10.19. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.

Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 target price on shares of The Bancorp in a research report on Friday, November 10th. Zacks Investment Research raised The Bancorp from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Wednesday, November 1st. Finally, BidaskClub raised The Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $8.56.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its holdings in The Bancorp by 0.5% in the second quarter. UBS Asset Management Americas Inc. now owns 22,000 shares of the bank’s stock valued at $167,000 after purchasing an additional 117 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in The Bancorp by 2.1% in the second quarter. Nationwide Fund Advisors now owns 40,031 shares of the bank’s stock valued at $303,000 after purchasing an additional 805 shares during the last quarter. Rhumbline Advisers boosted its holdings in The Bancorp by 5.5% in the second quarter. Rhumbline Advisers now owns 57,725 shares of the bank’s stock valued at $438,000 after purchasing an additional 3,010 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in The Bancorp by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock valued at $189,000 after purchasing an additional 3,261 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in The Bancorp by 20.4% in the second quarter. Voya Investment Management LLC now owns 24,779 shares of the bank’s stock valued at $188,000 after purchasing an additional 4,203 shares during the last quarter. 72.84% of the stock is owned by hedge funds and other institutional investors.

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The Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

Insider Buying and Selling by Quarter for The Bancorp (NASDAQ:TBBK)

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