Bancorp (NASDAQ:TBBK) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

The Bancorp, Inc. (NASDAQ:TBBK) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $66.84 and traded as high as $68.97. Bancorp shares last traded at $68.46, with a volume of 617,556 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Bancorp in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $62.00.

Bancorp Trading Up 1.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.91 and a quick ratio of 0.89. The business’s 50-day moving average is $67.85 and its two-hundred day moving average is $66.84. The firm has a market cap of $3.01 billion, a P/E ratio of 14.29 and a beta of 1.29.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.16). The business 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, analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Bancorp

In other news, CFO Dominic C. Canuso bought 1,800 shares of the stock in a transaction dated Friday, November 14th. The shares were bought at an average price of $61.24 per share, for a total transaction of $110,232.00. Following the completion of the purchase, the chief financial officer owned 3,500 shares in the company, valued at approximately $214,340. This trade represents a 105.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Bancorp by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 456,613 shares of the bank’s stock valued at $24,127,000 after acquiring an additional 10,468 shares during the period. Nuveen LLC acquired a new stake in Bancorp in the 1st quarter worth about $11,417,000. HighTower Advisors LLC bought a new stake in Bancorp in the 1st quarter valued at about $673,000. Brooklyn Investment Group acquired a new position in shares of Bancorp during the 1st quarter worth approximately $58,000. Finally, Wellington Management Group LLP increased its holdings in shares of Bancorp by 5.4% during the first quarter. Wellington Management Group LLP now owns 1,821,497 shares of the bank’s stock worth $96,248,000 after purchasing an additional 93,586 shares during the period. Institutional investors own 96.22% of the company’s stock.

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.