Insider Sell: EVP Head of Institutional Bank John Leto Sells 15,000 Shares of The Bancorp Inc (TBBK)
John Leto, EVP Head of Institutional Bank, has sold 15,000 shares of The Bancorp Inc (NASDAQ:TBBK) on February 13, 2024, according to a recent SEC Filing. The Bancorp Inc provides a wide range of financial services, including commercial and retail banking products and services, as well as private label banking and technology solutions for non-bank companies.
Over the past year, the insider has sold a total of 15,000 shares and has not made any purchases of the company's stock.
The insider transaction history for The Bancorp Inc shows a pattern of 17 insider buys and 8 insider sells over the past year.
On the day of the insider's recent sale, shares of The Bancorp Inc were trading at $42.94, resulting in a market cap of $2.269 billion.
The Bancorp Inc's price-earnings ratio stands at 12.20, which is above the industry median of 9.04 but below the company's historical median price-earnings ratio.
With a share price of $42.94 and a GuruFocus Value of $39.99, The Bancorp Inc has a price-to-GF-Value ratio of 1.07, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
This article first appeared on GuruFocus.
