The Bancorp, Inc. (NASDAQ:TBBK) EVP Thomas G. Pareigat Sells 5,466 Shares of Stock

The Bancorp, Inc. (NASDAQ:TBBK) EVP Thomas G. Pareigat sold 5,466 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total transaction of $267,997.98. Following the completion of the transaction, the executive vice president now owns 73,114 shares in the company, valued at approximately $3,584,779.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bancorp Price Performance

Shares of Bancorp stock opened at $56.81 on Thursday. The stock’s fifty day moving average is $52.27 and its 200 day moving average is $43.94. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $59.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. The stock has a market cap of $2.78 billion, a P/E ratio of 14.35 and a beta of 1.46.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.08). Bancorp had a net margin of 39.22% and a return on equity of 26.63%. The business had revenue of $125.84 million during the quarter, compared to analysts’ expectations of $131.34 million. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Sell-side analysts anticipate that The Bancorp, Inc. will post 4.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TBBK shares. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Piper Sandler raised their price target on shares of Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price target (up from $46.00) on shares of Bancorp in a research note on Monday, July 29th.

Institutional Trading of Bancorp

Large investors have recently made changes to their positions in the business. Nantahala Capital Management LLC purchased a new position in Bancorp in the second quarter worth about $12,757,000. Jupiter Asset Management Ltd. raised its holdings in Bancorp by 71.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 396,600 shares of the bank’s stock valued at $13,270,000 after buying an additional 164,855 shares during the period. Lisanti Capital Growth LLC purchased a new position in Bancorp during the third quarter worth $6,100,000. Marshall Wace LLP increased its position in Bancorp by 39.8% during the second quarter. Marshall Wace LLP now owns 337,578 shares of the bank’s stock valued at $12,747,000 after acquiring an additional 96,072 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Bancorp by 129.0% in the first quarter. Jane Street Group LLC now owns 124,915 shares of the bank’s stock valued at $4,180,000 after acquiring an additional 70,361 shares during the period. 96.22% of the stock is currently owned by institutional investors.

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.