The Bancorp, Inc. (NASDAQ:TBBK) Director Matthew Cohn Purchases 476 Shares

The Bancorp, Inc. (NASDAQ:TBBK) Director Matthew Cohn purchased 476 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average price of $32.51 per share, for a total transaction of $15,474.76. Following the acquisition, the director now owns 53,307 shares in the company, valued at $1,733,010.57. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Matthew Cohn also recently made the following trade(s):

• On Wednesday, May 1st, Matthew Cohn bought 230 shares of Bancorp stock. The shares were purchased at an average price of $30.25 per share, for a total transaction of $6,957.50.
• On Friday, March 15th, Matthew Cohn purchased 2,485 shares of Bancorp stock. The stock was purchased at an average price of $34.21 per share, with a total value of $85,011.85.

Bancorp Stock Performance

Shares of NASDAQ TBBK opened at $32.29 on Tuesday. The company has a 50-day simple moving average of $34.52 and a 200-day simple moving average of $37.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market cap of $1.69 billion, a PE ratio of 8.77 and a beta of 1.43. The Bancorp, Inc. has a 12 month low of $28.41 and a 12 month high of $47.11.

Bancorp (NASDAQ:TBBK) last released its earnings results on Friday, April 26th. The bank reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. Bancorp had a net margin of 39.94% and a return on equity of 26.32%. During the same period in the previous year, the company posted $0.88 earnings per share. On average, equities analysts anticipate that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Raymond James raised their price objective on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 29th.

Hedge Funds Weigh In On Bancorp

Institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its stake in shares of Bancorp by 1.3% during the 4th quarter. SummerHaven Investment Management LLC now owns 20,853 shares of the bank’s stock valued at $804,000 after acquiring an additional 269 shares during the last quarter. Yousif Capital Management LLC increased its position in Bancorp by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 28,396 shares of the bank’s stock worth $1,095,000 after purchasing an additional 319 shares during the last quarter. Natixis Advisors L.P. raised its stake in Bancorp by 1.3% during the fourth quarter. Natixis Advisors L.P. now owns 33,390 shares of the bank’s stock worth $1,287,000 after purchasing an additional 418 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Bancorp by 0.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 46,980 shares of the bank’s stock valued at $1,621,000 after purchasing an additional 419 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Bancorp by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 46,959 shares of the bank’s stock valued at $1,571,000 after buying an additional 608 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.

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.