Shares of The Bancorp, Inc. (NASDAQ:TBBK – Get Free Report) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $69.33.
Several analysts have commented on TBBK shares. Piper Sandler reaffirmed an “overweight” rating and set a $75.00 price objective (down from $86.00) on shares of Bancorp in a research note on Thursday, September 17th. Weiss Ratings downgraded Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 target price (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Raymond James Financial set a $88.00 price target on Bancorp in a research note on Friday, August 7th. Finally, Bank of America reaffirmed a “buy” rating on shares of Bancorp in a report on Monday, July 20th.
Check Out Our Latest Stock Report on Bancorp
Bancorp Price Performance
Bancorp (NASDAQ:TBBK – Get Free Report) last posted its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, beating 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 business had revenue of $137.74 million during 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. Equities research analysts anticipate that Bancorp will post 5.97 earnings per share for the current fiscal year.
Insider Transactions at Bancorp
In other Bancorp news, CAO Martin Egan sold 3,057 shares of Bancorp stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $72.03, for a total value of $220,195.71. Following the sale, the chief accounting officer owned 30,219 shares of the company’s stock, valued at approximately $2,176,674.57. The trade was a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Bancorp
A number of large investors have recently modified their holdings of TBBK. Integrated Wealth Concepts LLC acquired a new stake in Bancorp in the second quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Bancorp during the 4th quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of Bancorp by 177.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,198 shares of the bank’s stock valued at $58,000 after purchasing an additional 766 shares in the last quarter. Nykredit A S purchased a new position in shares of Bancorp in the 2nd quarter valued at about $167,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Bancorp by 187.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,177 shares of the bank’s stock valued at $215,000 after purchasing an additional 2,071 shares during the period. 96.22% of the stock is owned by hedge funds and other institutional investors.
Bancorp Company Profile
The Bancorp, Inc (NASDAQ:TBBK) is a financial technology and specialty banking company headquartered in Wilmington, Delaware. Through its subsidiary, The Bancorp Bank, National Association, the company provides banking and payment services primarily to financial technology companies, businesses, institutional clients and consumers.
The company’s offerings include payment acceptance and processing, card issuance and management, automated clearing house (ACH) services, prepaid and debit card programs, and deposit accounts.
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