The Bancorp, Inc. (TBBK) Director Sells $210,586.40 in Stock

The Bancorp, Inc. (NASDAQ:TBBK) Director Walter T. Beach sold 33,640 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $6.26, for a total transaction of $210,586.40. Following the sale, the director now directly owns 362,829 shares of the company’s stock, valued at approximately $2,271,309.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

The Bancorp, Inc. (NASDAQ TBBK) traded down 0.14% during midday trading on Wednesday, hitting $7.25. The company’s 50-day moving average price is $6.49 and its 200 day moving average price is $6.11. The Bancorp, Inc. has a one year low of $4.41 and a one year high of $8.20. The stock’s market cap is $403.75 million.

The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, April 27th. The bank reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $49.10 million during the quarter, compared to analyst estimates of $44.26 million. The Bancorp had a negative net margin of 50.29% and a negative return on equity of 11.95%. On average, analysts expect that The Bancorp, Inc. will post $0.39 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for The Bancorp (NASDAQ:TBBK)

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Hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. increased its stake in The Bancorp by 51.8% in the first quarter. American International Group Inc. now owns 30,605 shares of the bank’s stock valued at $156,000 after buying an additional 10,447 shares during the period. Goldman Sachs Group Inc. increased its stake in The Bancorp by 55.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank’s stock valued at $156,000 after buying an additional 10,895 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in The Bancorp by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock valued at $189,000 after buying an additional 3,261 shares during the period. Sei Investments Co. increased its stake in The Bancorp by 380.5% in the first quarter. Sei Investments Co. now owns 54,902 shares of the bank’s stock valued at $280,000 after buying an additional 43,475 shares during the period. Finally, Swiss National Bank increased its stake in The Bancorp by 43.5% in the first quarter. Swiss National Bank now owns 91,100 shares of the bank’s stock valued at $465,000 after buying an additional 27,600 shares during the period. 76.98% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. TheStreet downgraded shares of The Bancorp from a “c-” rating to a “d” rating in a research note on Monday, April 24th. Zacks Investment Research raised shares of The Bancorp from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Wednesday, June 7th. Finally, BTIG Research raised shares of The Bancorp from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The Bancorp currently has an average rating of “Hold” and a consensus price target of $7.35.

The Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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