14 Worst 52-Week High Stocks to Buy According to Short Sellers

8. The Bancorp, Inc. (NASDAQ:TBBK)

52 Week Range: $29.92 – $54.44

Current Share Price: $52.50

Short % of Shares Outstanding: 15.31%

Number of Hedge Funds holding stakes as of Q2 2024: 19

The Bancorp, Inc. (NASDAQ:TBBK) is a financial services company that operates as a bank holding company. It offers a range of deposit products and services that include checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.

The Bancorp, Inc. (NASDAQ:TBBK)’s core business tends to do well in a high-interest-rate environment as it can generate more interest income from loans. The company has been recording booming business over the past year.

The Bancorp, Inc. (NASDAQ:TBBK) delivered mixed second-quarter results, with revenues coming in at $124.52 million, below consensus estimates of $127.45 million. While earnings per share increased to $1.07 a share, above the $0.89 delivered last year, it missed estimates of $1.07 a share.

While trading at a price-to-earnings multiple of 13, The Bancorp, Inc. (NASDAQ:TBBK) does not reward investors with dividends, let alone buybacks, crucial to returning value to shareholders. Consequently, investors remain skeptical about its ability to generate long-term value.

According to Insider Monkey’s third-quarter database, 19 hedge funds were bullish on The Bancorp, Inc. (NASDAQ:TBBK), compared to 22 funds in the preceding quarter. D. E. Shaw’s D E Shaw is the company’s largest stakeholder, with 411,936 shares valued at $15.55 million.