The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry Sells 11,256 Shares

The Bancorp, Inc. (NASDAQ:TBBK) EVP Jennifer F. Terry sold 11,256 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total transaction of $362,218.08. Following the sale, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at $491,131.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bancorp Trading Up 1.2 %

NASDAQ TBBK opened at $32.29 on Tuesday. The firm’s 50 day moving average price is $34.52 and its two-hundred day moving average price is $37.87. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. The Bancorp, Inc. has a twelve month low of $28.41 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same quarter in the prior year, the business earned $0.88 EPS. Equities analysts anticipate that The Bancorp, Inc. will post 4.51 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Bancorp

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Bancorp by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank’s stock valued at $16,171,000 after purchasing an additional 15,430 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Bancorp by 26.0% during the 3rd quarter. New York State Teachers Retirement System now owns 22,283 shares of the bank’s stock valued at $769,000 after buying an additional 4,600 shares during the period. Roubaix Capital LLC purchased a new position in shares of Bancorp during the 3rd quarter valued at $3,064,000. Whittier Trust Co. increased its stake in shares of Bancorp by 4.3% in the third quarter. Whittier Trust Co. now owns 124,468 shares of the bank’s stock worth $4,294,000 after acquiring an additional 5,124 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Bancorp by 2.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 67,176 shares of the bank’s stock worth $2,318,000 after acquiring an additional 1,737 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Bancorp

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.