Bancorp Inc. (NASDAQ:TBBK)’s Chief Executive Officer, Betsy Cohen, tackled her second stock acquisition of the fiscal year yesterday, buying 10,000 shares of Common Stock for a price of $9.57 per share. In June, the insider had purchased 20,000 shares of Common Stock, paying a much higher price of $11.48 per share. Following the acquisition, Cohen now owns a total of 446,309 company holdings to her name.
However, the CEO isn’t the only insider at Bancorp who has been purchasing stock. Company Director, John Chrystal, bought 6,000 shares of Common Stock in June, paying a price of $11.36 per share for 3,000 shares and $11.42 per share for the remaining 3,000.
Furthermore, this quarter showed some interesting movements amongst hedge funds. While Tom Brown decreased Bancorp’s portfolio participation by 9%, leaving his hedge fund, Second Curve Capital, with 2.5 million shares, valued at $47.6 million (still the leading shareholder), there were also new entrants. Bill Miller’s Legg Mason Capital Management entered a new shareholding position, by purchasing 502,900 company shares, worth $9.4 million.