John Leto, the Executive Vice President and Head of Institutional Bank at The Bancorp Inc (TBBK, Financial), sold 51,000 shares of the company on November 13, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 154,770 shares of The Bancorp Inc.
The Bancorp Inc, a financial holding company, offers a wide range of banking products and services. Its primary activities include specialty lending, deposits, and payment services provided by The Bancorp Bank, its subsidiary.
Over the past year, John Leto has sold a total of 66,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been 19 insider buys and 7 insider sells over the past year.
Shares of The Bancorp Inc were trading at $57.51 on the day of the sale, giving the company a market cap of approximately $2.62 billion. The price-earnings ratio of the stock stands at 13.79, which is above both the industry median of 10.85 and the company's historical median.
According to the GF Value, The Bancorp Inc has a price-to-GF-Value ratio of 1.38, indicating that the stock is Modestly Overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might draw the attention of current and potential investors, especially considering the stock's valuation and recent trading price relative to its GF Value.
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.
