Bancorp (NASDAQ:TBBK) Shares Gap Down – What’s Next?

The Bancorp, Inc. (NASDAQ:TBBK) shares gapped down before the market opened on Wednesday . The stock had previously closed at $64.41, but opened at $53.32. Bancorp shares last traded at $49.9440, with a volume of 472,926 shares.

Analyst Ratings Changes

Several research firms recently weighed in on TBBK. Bank of America restated a “buy” rating on shares of Bancorp in a report on Monday, July 20th. Piper Sandler reissued an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Bancorp in a research report on Monday, August 3rd. Raymond James Financial set a $88.00 price objective on shares of Bancorp in a research note on Friday, August 7th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $79.00 price objective (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.

Bancorp Price Performance

The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 9.45 and a beta of 1.18. The stock has a fifty day simple moving average of $66.66 and a 200-day simple moving average of $59.94. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.The company had revenue of $137.74 million for the quarter, compared to the consensus estimate of $166.69 million. Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. As a group, equities research analysts expect that The Bancorp, Inc. will post 6.02 EPS for the current year.

Insider Transactions at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the transaction, the chief accounting officer directly owned 30,219 shares in the company, valued at $2,176,674.57. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Bancorp

Large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Bancorp in the second quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in Bancorp during the 4th quarter valued at about $27,000. Lazard Asset Management LLC acquired a new position in shares of Bancorp in the 2nd quarter worth approximately $53,000. Northwestern Mutual Wealth Management Co. boosted its stake in Bancorp by 732.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after purchasing an additional 659 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Bancorp during the 4th quarter worth about $68,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

About Bancorp

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.