Bancorp director Cohn buys shares worth $35,375

Published 01/08/2025, 21:26
Bancorp director Cohn buys shares worth $35,375

Director Matthew Cohn of Bancorp, Inc. (EXCHANGE:TBBK), a $2.9 billion financial institution trading at a P/E ratio of 13.4, recently purchased shares of the company’s common stock in two transactions, acquiring a total of 562 shares. According to InvestingPro data, this insider purchase aligns with broader management actions, as the company has been actively buying back shares.

On July 30, 2025, Cohn bought 62 shares at a price of $62.51 per share, and on July 31, 2025, he acquired another 500 shares at $63.00 per share. The total value of these purchases was $35,375. The stock currently trades near $62.48, close to its 52-week high of $70.63, reflecting the company’s GREAT financial health score on InvestingPro.

Following these transactions, Cohn directly owns 59,611 shares of Bancorp, Inc. common stock. He also indirectly owns shares through a spouse’s pension plan, trusts, and daughters, although he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. The company has demonstrated strong returns over multiple timeframes, with InvestingPro showing impressive performance over the past three months, five years, and decade.

In other recent news, The Bancorp (NASDAQ:TBBK) Inc. reported its second-quarter 2025 earnings, showing a slight miss in earnings per share (EPS) but a notable beat in revenue expectations. The company’s EPS was $1.27, marginally below the anticipated $1.28. However, revenue reached $181.24 million, significantly exceeding the forecast of $166 million. Despite the positive revenue results, the stock experienced a decline in aftermarket trading. These developments reflect the mixed financial performance of The Bancorp Inc. in the recent quarter. Investors and analysts may need to consider these figures when evaluating the company’s financial health. The earnings report highlights the importance of both revenue and earnings in shaping investor sentiment.

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