1 week Ago By ABMN Staff
Bancorp ( NASDAQ:TBBK – Free Report ) had its target price lifted by Piper Sandler from $61.00 to $64.00 in a report issued on Monday morning, Benzinga reports.
They currently have an overweight rating on the bank’s stock. Separately, StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, December 19th.
Check Out Our Latest Research Report on Bancorp Bancorp Price Performance Bancorp ( NASDAQ:TBBK – Get Free Report ) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.
12 by ($0.08). The company had revenue of $125.
84 million during the quarter, compared to the consensus estimate of $131.34 million. Bancorp had a net margin of 30.
97% and a return on equity of 26.63%. During the same quarter in the prior year, the business earned $0.
92 earnings per share. As a group, sell-side analysts predict that Bancorp will post 4.3 earnings per share for the current fiscal year.
Insiders Place Their Bets In other Bancorp news, CMO Maria Wainwright sold 11,357 shares of Bancorp stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.
56. Following the completion of the transaction, the chief marketing officer now directly owns 23,291 shares of the company’s stock, valued at $1,166,413.28.
The trade was a 32.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.
06, for a total transaction of $508,609.60. Following the completion of the transaction, the executive vice president now owns 74,798 shares in the company, valued at approximately $3,744,387.
88. This represents a 11.96 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 26,983 shares of company stock valued at $1,345,366 over the last 90 days. 5.
20% of the stock is currently owned by insiders. Institutional Investors Weigh In On Bancorp Several hedge funds have recently bought and sold shares of TBBK. Lord Abbett & CO.
LLC grew its holdings in Bancorp by 23.1% in the 3rd quarter. Lord Abbett & CO.
LLC now owns 303,239 shares of the bank’s stock valued at $16,223,000 after buying an additional 56,959 shares in the last quarter. Franklin Resources Inc. increased its holdings in Bancorp by 18.
6% in the 3rd quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock valued at $52,061,000 after buying an additional 144,867 shares during the period.
Sanctuary Advisors LLC acquired a new position in Bancorp during the third quarter valued at approximately $300,000. Geode Capital Management LLC increased its stake in shares of Bancorp by 0.5% in the 3rd quarter.
Geode Capital Management LLC now owns 1,362,668 shares of the bank’s stock valued at $72,914,000 after purchasing an additional 6,459 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Bancorp by 34.1% during the 3rd quarter.
Barclays PLC now owns 140,844 shares of the bank’s stock worth $7,536,000 after buying an additional 35,777 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.
Bancorp Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.
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