Trade Alert: Executive VP & Chief Marketing Officer Of Bancorp Maria Wainwright Has Sold Stock

Simply Wall St.
01 Nov 2024

Some The Bancorp, Inc. (NASDAQ:TBBK) shareholders may be a little concerned to see that the Executive VP & Chief Marketing Officer, Maria Wainwright, recently sold a substantial US$569k worth of stock at a price of US$50.08 per share. That diminished their holding by a very significant 55%, which arguably implies a strong desire to reallocate capital.

See our latest analysis for Bancorp

Bancorp Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Independent Director Matthew Cohn for US$683k worth of shares, at about US$38.32 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$50.26. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 88.08k shares worth US$3.3m. On the other hand they divested 66.27k shares, for US$2.8m. In the last twelve months there was more buying than selling by Bancorp insiders. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:TBBK Insider Trading Volume November 1st 2024

Bancorp is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does Bancorp Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Bancorp insiders own 4.8% of the company, currently worth about US$117m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Do The Bancorp Insider Transactions Indicate?

The stark truth for Bancorp is that there has been more insider selling than insider buying in the last three months. In contrast, they appear keener if you look at the last twelve months. We are also comforted by the high levels of insider ownership. So we're not too bothered by recent selling. Of course, the future is what matters most. So if you are interested in Bancorp, you should check out this free report on analyst forecasts for the company.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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