Bancorp director Cohn buys $34,930 in company stock

Published 07/08/2025, 09:36
Bancorp director Cohn buys $34,930 in company stock

Director Matthew Cohn of The Bancorp , Inc. (NASDAQ:TBBK), a $2.9 billion financial institution trading at an attractive P/E ratio of 13.4, acquired 550 shares of common stock on August 4, 2025, at a price of $63.51, in one transaction valued at $34,930. According to InvestingPro data, this insider purchase aligns with management’s aggressive share buyback strategy, signaling strong confidence in the company’s future.

Following the transaction, Cohn directly owns 59,611 shares of Bancorp, Inc. common stock. Cohn also has indirect ownership of 161,444 shares held by trusts, 2,549 shares held by one daughter, 1,740 shares held by another daughter and 1,900 shares held by his spouse. InvestingPro analysis shows the company maintains a GREAT financial health score, with strong returns over multiple timeframes. Discover more insights about TBBK and 1,400+ other stocks with InvestingPro’s comprehensive research reports.

In other recent news, The Bancorp Inc. reported its second-quarter 2025 earnings, revealing a slight miss in earnings per share but a significant beat in revenue forecasts. The company’s earnings per share were $1.27, slightly below the expected $1.28. However, revenue reached $181.24 million, surpassing the forecasted $166 million. Despite the revenue beat, the stock experienced a decline in aftermarket trading. These developments are part of the company’s recent financial disclosures. Analysts and investors may take note of the revenue performance as a positive indicator despite the earnings per share miss. The financial results reflect the company’s ongoing business activities and market conditions.

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