The Bancorp, Inc. (NASDAQ:TBBK) Director Purchases $62,422.00 in Stock

The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) Director Daniela Mielke acquired 2,300 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average price of $27.14 per share, with a total value of $62,422.00. Following the acquisition, the director now directly owns 20,830 shares of the company’s stock, valued at approximately $565,326.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Daniela Mielke also recently made the following trade(s):

• On Friday, March 10th, Daniela Mielke purchased 350 shares of Bancorp stock. The stock was bought at an average cost of $30.32 per share, for a total transaction of $10,612.00.
• On Thursday, February 23rd, Daniela Mielke purchased 1,400 shares of Bancorp stock. The shares were acquired at an average cost of $34.64 per share, for a total transaction of $48,496.00.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $26.00 on Tuesday. The Bancorp, Inc. has a twelve month low of $16.59 and a twelve month high of $37.58. The company has a market cap of $1.45 billion, a PE ratio of 11.40 and a beta of 1.49. The business’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $28.62. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Bancorp

A number of large investors have recently added to or reduced their stakes in TBBK. Great West Life Assurance Co. Can acquired a new position in shares of Bancorp in the third quarter valued at $1,584,000. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Bancorp during the 3rd quarter worth about $7,294,000. Sheets Smith Investment Management raised its holdings in Bancorp by 26.7% in the 2nd quarter. Sheets Smith Investment Management now owns 49,609 shares of the bank’s stock valued at $1,216,000 after acquiring an additional 10,449 shares during the period. James Investment Research Inc. lifted its position in Bancorp by 10.5% during the third quarter. James Investment Research Inc. now owns 10,397 shares of the bank’s stock worth $229,000 after acquiring an additional 985 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Bancorp by 20.6% during the third quarter. Brown Advisory Inc. now owns 1,219,589 shares of the bank’s stock worth $26,806,000 after acquiring an additional 208,197 shares during the period. Institutional investors own 90.02% of the company’s stock.

Analyst Ratings Changes

TBBK has been the subject of a number of analyst reports. Raymond James initiated coverage on Bancorp in a research note on Monday, January 30th. They issued an “outperform” rating and a $38.00 price target for the company. TheStreet raised shares of Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, November 15th.

Bancorp Company Profile

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The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance segment consists of commercial mortgage loan sales and securitizations, small business administration loans, direct lease financing, and security and insurance backed lines of credit and deposits generated by business lines.