Emerald Advisers LLC Invests $17.69 Million in The Bancorp, Inc. (NASDAQ:TBBK)

Emerald Advisers LLC acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 336,167 shares of the bank's stock, valued at approximately $17,692,000. Emerald Advisers LLC owned approximately 0.70% of Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in shares of Bancorp by 191.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after buying an additional 489 shares during the last quarter. R Squared Ltd purchased a new stake in Bancorp during the 4th quarter valued at about $45,000. Point72 DIFC Ltd acquired a new stake in Bancorp in the 3rd quarter valued at about $54,000. Advisors Asset Management Inc. lifted its stake in Bancorp by 114.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank's stock worth $74,000 after purchasing an additional 741 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Bancorp in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TBBK shares. Keefe, Bruyette & Woods increased their price target on Bancorp from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Piper Sandler upped their target price on Bancorp from $61.00 to $64.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Raymond James reiterated an "outperform" rating and set a $67.00 price target (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Finally, StockNews.com raised shares of Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, March 6th.

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Bancorp Trading Up 0.1 %

TBBK stock traded up $0.03 during midday trading on Thursday, hitting $53.59. 393,868 shares of the company's stock were exchanged, compared to its average volume of 562,149. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $65.84. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.58 billion, a PE ratio of 12.46 and a beta of 1.59. The business has a 50-day simple moving average of $56.27 and a two-hundred day simple moving average of $54.72.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. On average, sell-side analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.