On October 29, 2024, Matthew Wallace, Executive Vice President and Chief Investment Officer of The Bancorp Inc (TBBK, Financial), executed a sale of 10,160 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this transaction, the insider now owns 74,798 shares of The Bancorp Inc.
The Bancorp Inc, a financial holding company, offers a wide range of private label banking and technology solutions including loan and lease funding, FDIC-insured deposit products, and payment processing services to meet the unique needs of its clients.
Shares of The Bancorp Inc were priced at $50.06 on the day of the sale. The company currently holds a market cap of approximately $2.43 billion. The price-earnings ratio stands at 12.73, indicating a valuation higher than both the industry median of 10.51 and the company's historical median.
According to the GF Value, The Bancorp Inc is significantly overvalued with a price-to-GF-Value ratio of 1.3. The GF Value of $38.41 is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
Over the past year, Matthew Wallace has sold a total of 10,160 shares and has not made any purchases. The insider transaction history for The Bancorp Inc shows a pattern of more insider buys than sells, with 23 insider buys and 7 insider sells over the last year.
This recent sale by the insider might be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at The Bancorp Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
