Harris Ryan, who serves as Executive Vice President at The Bancorp Inc (NASDAQ:TBBK), reported the sale of 4,500 shares of common stock on March 13, 2026, via a Form 4 filing with the Securities and Exchange Commission. The shares were sold in tranches at prices ranging from $53.16 to $53.33, producing total proceeds of $239,328.
The reported transaction comes while TBBK shares are quoted at $53.09, reflecting a decline of about 31% over the prior six months. Market commentary included in available analysis cites a Fair Value estimate of $54.86 for the company, and a trailing price-to-earnings ratio of 10.86. Reported analyst price targets range from $66 to $76.
Following the March 13 sale, the filing shows Ryan directly owns 150,516 shares of Bancorp common stock. He also holds 2,518 shares indirectly through a 401(k) plan account. The Form 4 documents the disclosure to the SEC and is the official record of the insider transaction.
Investors seeking further data on the company can consult a full Pro Research Report, which is available for this company and a broad set of U.S. equities. The research referenced alongside the filing provides additional valuation metrics and analyst targets cited above.
Recent financial context
The Bancorp reported fourth-quarter 2025 results that missed analyst expectations on the headline earnings per share metric. The company recorded adjusted earnings per share of $1.28 versus analysts' consensus of $1.46, representing a negative surprise of approximately 12.33 percent. Despite the EPS miss, the company recorded 11 percent year-over-year growth in EPS and reported a record return on equity in the same disclosure.
The market reaction to the quarterly results was unfavorable, as reflected in the company's stock performance.
Implications and context
The Form 4 filing documents a routine insider sale and confirms that Ryan remains a substantial shareholder after the transaction. The juxtaposition of the insider sale, shares trading below recent analyst fair value estimates, and a quarterly earnings miss contributes to the attention on TBBK from investors monitoring insider activity and valuation metrics.
Where to find the filings and research
The SEC Form 4 for this transaction is the primary regulatory filing documenting the sale. Supplementary valuation commentary and analyst targets are available through the referenced Pro Research Report for those seeking expanded analysis.