The Bancorp, Inc. (NASDAQ:TBBK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of The Bancorp, Inc. (NASDAQ:TBBK) have earned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $60.20.

A number of brokerages recently weighed in on TBBK. Weiss Ratings reissued a “hold (c+)” rating on shares of Bancorp in a research note on Monday, December 29th. William Blair set a $60.00 price objective on shares of Bancorp in a research note on Wednesday, January 21st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Bancorp in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $57.00 target price on shares of Bancorp in a report on Wednesday, January 21st.

Insider Buying and Selling at Bancorp

In other Bancorp news, CFO Dominic C. Canuso acquired 1,800 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of $61.24 per share, with a total value of $110,232.00. Following the transaction, the chief financial officer owned 3,500 shares of the company’s stock, 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 this link. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of TBBK. Rothschild Investment LLC boosted its holdings in Bancorp by 213.6% in the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after purchasing an additional 235 shares during the period. Bessemer Group Inc. lifted its stake in shares of Bancorp by 78.6% in the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock valued at $30,000 after buying an additional 176 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Bancorp by 732.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after buying an additional 659 shares in the last quarter. IFP Advisors Inc bought a new position in Bancorp during the third quarter valued at about $66,000. Finally, Lazard Asset Management LLC bought a new position in Bancorp during the second quarter valued at about $53,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Performance

Shares of TBBK opened at $68.34 on Friday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 14.27 and a beta of 1.27. The company’s fifty day moving average is $67.59 and its 200-day moving average is $69.83. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. Bancorp has a 12 month low of $40.51 and a 12 month high of $81.65.

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

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.