Bancorp (NASDAQ:TBBK) Sets New 52-Week Low – Here’s Why

Shares of The Bancorp, Inc. (NASDAQ:TBBK) reached a new 52-week low during trading on Thursday . The stock traded as low as $48.41 and last traded at $50.03, with a volume of 2930102 shares traded. The stock had previously closed at $64.41.

Wall Street Analysts Forecast Growth

TBBK has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $86.00 price objective (up from $70.00) on shares of Bancorp in a research report on Monday, August 3rd. Weiss Ratings raised Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Bank of America restated a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Finally, Raymond James Financial set a $88.00 price objective on Bancorp in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.17.

Bancorp Price Performance

The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 9.40 and a beta of 1.18. The company’s 50 day moving average is $66.94 and its 200 day moving average is $60.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. Bancorp had a net margin of 27.72% and a return on equity of 32.32%. The company had revenue of $137.74 million for the quarter, compared to analyst estimates 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. Research analysts forecast that The Bancorp, Inc. will post 6.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Bancorp

In related 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 sale, the chief accounting officer owned 30,219 shares in the company, valued at $2,176,674.57. This represents a 9.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Bancorp

Several large investors have recently bought and sold shares of TBBK. Tidal Investments LLC increased its position in shares of Bancorp by 51.1% in the second quarter. Tidal Investments LLC now owns 23,723 shares of the bank’s stock valued at $1,486,000 after buying an additional 8,021 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Bancorp by 4.6% in the 2nd quarter. WINTON GROUP Ltd now owns 23,675 shares of the bank’s stock worth $1,483,000 after buying an additional 1,032 shares in the last quarter. Engineers Gate Manager LP grew its stake in Bancorp by 20.0% in the 2nd quarter. Engineers Gate Manager LP now owns 24,012 shares of the bank’s stock valued at $1,504,000 after acquiring an additional 3,998 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Bancorp in the 2nd quarter valued at about $25,000. Finally, Squarepoint Ops LLC increased its holdings in Bancorp by 1,000.0% during the 2nd quarter. Squarepoint Ops LLC now owns 54,934 shares of the bank’s stock valued at $3,441,000 after acquiring an additional 49,940 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Company Profile

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.