The Bancorp, Inc. (NASDAQ:TBBK) Director Michael J. Bradley sold 50,000 shares of the company’s stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $24.45, for a total transaction of $1,222,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
NASDAQ TBBK opened at $22.70 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.62 and a current ratio of 0.91. The Bancorp, Inc. has a one year low of $7.95 and a one year high of $26.70. The company’s 50 day moving average price is $23.69 and its 200 day moving average price is $23.30. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.97 and a beta of 1.47.
The Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Wednesday, July 28th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The Bancorp had a net margin of 32.24% and a return on equity of 17.38%. The business had revenue of $79.93 million during the quarter, compared to the consensus estimate of $76.98 million. Sell-side analysts forecast that The Bancorp, Inc. will post 1.79 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of TBBK. Victory Capital Management Inc. bought a new stake in The Bancorp in the first quarter valued at $295,000. Capital Investment Counsel Inc raised its stake in shares of The Bancorp by 27.2% during the first quarter. Capital Investment Counsel Inc now owns 30,346 shares of the bank’s stock valued at $629,000 after purchasing an additional 6,483 shares in the last quarter. USA Financial Portformulas Corp bought a new stake in shares of The Bancorp during the first quarter valued at about $108,000. Swiss National Bank grew its holdings in The Bancorp by 1.4% during the first quarter. Swiss National Bank now owns 118,500 shares of the bank’s stock worth $2,455,000 after acquiring an additional 1,600 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in The Bancorp by 7.3% during the first quarter. BNP Paribas Arbitrage SA now owns 186,121 shares of the bank’s stock worth $3,856,000 after acquiring an additional 12,667 shares during the period. Institutional investors own 91.03% of the company’s stock.
The Bancorp Company Profile
The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance consists of commercial mortgage loan sales and securitizations, small business administration loans; direct lease financing; and security and insurance backed lines of credit and deposits generated by business lines.
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