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

The Bancorp, Inc. (NASDAQ:TBBK) Director Matthew Cohn purchased 476 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $32.51 per share, for a total transaction of $15,474.76. Following the completion of the purchase, the director now directly owns 53,307 shares in the company, valued at $1,733,010.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, May 1st, Matthew Cohn bought 230 shares of Bancorp stock. The stock was 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 shares were purchased at an average price of $34.21 per share, with a total value of $85,011.85.

Bancorp Stock Up 2.2 %

Shares of NASDAQ TBBK opened at $33.14 on Thursday. The firm has a fifty day simple moving average of $34.04 and a two-hundred day simple moving average of $37.84. The Bancorp, Inc. has a 12 month low of $28.41 and a 12 month high of $47.11. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.73 billion, a PE ratio of 9.01 and a beta of 1.43.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting the consensus estimate 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 previous year, the business posted $0.88 EPS. Equities analysts expect that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Institutional Investors Weigh In On Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBBK. Bank of New York Mellon Corp boosted its holdings in shares of Bancorp by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank’s stock valued at $16,171,000 after buying an additional 15,430 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Bancorp by 26.0% during the third quarter. New York State Teachers Retirement System now owns 22,283 shares of the bank’s stock valued at $769,000 after purchasing an additional 4,600 shares during the last quarter. Roubaix Capital LLC bought a new stake in shares of Bancorp in the 3rd quarter worth approximately $3,064,000. Whittier Trust Co. boosted its position in shares of Bancorp by 4.3% in the 3rd quarter. Whittier Trust Co. now owns 124,468 shares of the bank’s stock worth $4,294,000 after purchasing an additional 5,124 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bancorp by 2.7% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 67,176 shares of the bank’s stock worth $2,318,000 after buying an additional 1,737 shares during the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TBBK has been the topic of a number of analyst reports. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Raymond James raised their target price on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Keefe, Bruyette & Woods lowered their price target on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, April 5th.

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.