Daniela Mielke Acquires 3,315 Shares of The Bancorp, Inc. (NASDAQ: TBBK)

On the final day of January, Daniela Mielke, a Director of The Bancorp, Inc., made a significant investment in the company by purchasing 3,315 shares of stock on the NASDAQ under the ticker symbol TBBK. The transaction, recorded on January 31st, 2024, involved shares bought at an average price of $45.13 each, totaling an investment of $149,605.95. This latest purchase raises Mielke's direct ownership stakes in The Bancorp to 26,715 shares, cumulatively valued at approximately $1.21 million.

Previous Transactions

This is not the first instance of Daniela Mielke engaging in the company's stock transactions. Prior to this acquisition, on November 6th, Mielke made another purchase of 1,275 Bancorp shares at an average price of $39.09 per share, amounting to an investment of $49,839.75.

Performance and Analyst Perception

The Bancorp's recent performance has shown a positive trend, with the stock price standing at $43.64 as of the latest opening. Averaging over 50 days, the stock's price is noted at $39.79 with a longer-term 200-day moving average of $37.63. With regard to its financial health, The Bancorp reports a current ratio of 1.01, a quick ratio of 0.96, and a debt-to-equity ratio of 0.18. The company maintains a market capitalization of $2.34 billion and offers an appealing PE ratio of 12.47, alongside a beta value of 1.47, indicating its relative volatility in comparison to the market. In the past year, the stock has hit a low of $25.13 and a peak of $47.11.

Various brokerage firms have provided insights on The Bancorp's prospects. For instance, Raymond James raised their price target to $50.00 from $42.00, assigning an 'outperform' rating. Piper Sandler raised their forecast from $49.00 to $51.00, maintaining an 'overweight' rating. Additionally, StockNews.com started covering the stock, giving it a 'hold' rating.

Institutional Interest

Significant movements were noted among institutional investors in recent times. Firms like Federated Hermes Inc., Zurcher Kantonalbank Zurich Cantonalbank, Sippican Capital Advisors, Louisiana State Employees Retirement System, and Moody Aldrich Partners LLC have increased or initiated holdings in The Bancorp during the fourth quarter, illustrating a sustained interest from larger players.

About The Bancorp, Inc.

The Bancorp, Inc. operates through its subsidiary, The Bancorp Bank, National Association, providing banking services in the U.S. It offers various deposit products, including checking, savings, and money market accounts, as well as commercial services and savings solutions like medical and individual retirement accounts (IRAs).

Bancorp, Mielke, Acquisition