Kendall Capital Management Acquires New Holdings in The Bancorp, Inc. $TBBK

Kendall Capital Management bought a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,190 shares of the bank’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its stake in Bancorp by 104.5% during the first quarter. Bank of America Corp DE now owns 426,613 shares of the bank’s stock valued at $22,922,000 after buying an additional 218,038 shares during the period. Principal Financial Group Inc. increased its stake in Bancorp by 8.3% in the 1st quarter. Principal Financial Group Inc. now owns 352,786 shares of the bank’s stock worth $18,955,000 after acquiring an additional 27,058 shares during the last quarter. Edgestream Partners L.P. bought a new position in Bancorp in the 1st quarter worth about $3,592,000. Sei Investments Co. raised its holdings in shares of Bancorp by 71.8% in the 1st quarter. Sei Investments Co. now owns 63,715 shares of the bank’s stock valued at $3,423,000 after acquiring an additional 26,618 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Bancorp by 148.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock valued at $27,227,000 after acquiring an additional 241,058 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bancorp news, CAO Martin Egan sold 3,057 shares of the company’s 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 completion of the sale, the chief accounting officer owned 30,219 shares of the company’s stock, valued at $2,176,674.57. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TBBK has been the subject of several recent analyst reports. Raymond James Financial set a $88.00 price objective on Bancorp in a report on Friday, August 7th. Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $79.00 target price (up from $77.00) on shares of Bancorp in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Bancorp in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.17.

Bancorp Trading Up 0.4%

NASDAQ TBBK opened at $67.19 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $65.44 and its two-hundred day simple moving average is $59.49. The Bancorp, Inc. has a twelve month low of $50.20 and a twelve month high of $81.65. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 12.63 and a beta of 1.19.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million during the quarter, compared to analysts’ expectations of $166.69 million. Bancorp had a return on equity of 32.32% and a net margin of 27.72%.Bancorp has set its Q4 2026 guidance at 1.650-1.750 EPS and its FY 2026 guidance at 5.950-6.050 EPS. Research analysts forecast that The Bancorp, Inc. will post 6.02 EPS for the current fiscal year.

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.