Bancorp Inc (TBBK US, +N, 06-Feb-24)
Matthew Cohn (Director since 1999) purchased $525,000 worth of stock from Jan. 31-Feb. 2nd at prices ranging from $42.58-45.16. These purchases increase his holdings to 208,000 shares, worth $9 million. Cohn has been a steady buyer since this company went public in 2004 and his recent purchases are at the higher end of what he has spent in prior purchases. We ranked this stock +N on Feb. 1st based on a $150,000 purchase from Daniela Mielke (Director since 2019) at $45, her largest purchase.
These are the highest prices each director has paid for the shares and the size of the purchases is convincing. The company reported 2023 year-end results on Jan. 25th.
We are upgrading the stock further, from +N to +1
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