On Friday, Bancorp, Inc. (NASDAQ:TBBK) experienced a three-time insider share purchase from its company directors Hersch Kozlov, Michael J. Bradley, and Betsy Cohen. While Hersch Kozlov purchased 2000 shares at a price of $11.50 per share and now holds a total of 15,500 company shares, Bradley doubled the stakes, purchasing 5,000 shares for $11.40 on the same day. The director now holds a total of 25,000 shares.
However, Bancorp’s Chief Executive Officer and Director, Betsy Cohen’s purchase stood out the most. Acquiring 20,000 shares of common stock at a price of $11.48 per share, the CEO boosted her overall company holdings to 436,309.
Apart from the newest insider purchases, several hedge funds continue to hold high value stocks of the company. Although Tom Brown’s hedge fund, Second Curve Capital, decreased the amount of Bancorp shares in his portfolio by 8% this past quarter, the hedge fund still owns over 2.5 million shares, worth over $47 million. Legg Mason Capital Management, Bill Miller’s hedge fund, acquired the firm’s shares for the first time this quarter, adding 502,900 shares at a value of $9.46 million to his portfolio.