Penserra Capital Management LLC Makes New $514,000 Investment in The Bancorp, Inc. (NASDAQ:TBBK)

Penserra Capital Management LLC acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,611 shares of the bank's stock, valued at approximately $514,000.

A number of other institutional investors also recently modified their holdings of TBBK. The Manufacturers Life Insurance Company raised its holdings in Bancorp by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,959 shares of the bank's stock worth $1,056,000 after acquiring an additional 234 shares during the period. Blue Trust Inc. boosted its stake in Bancorp by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank's stock valued at $34,000 after purchasing an additional 263 shares during the period. GAMMA Investing LLC increased its position in Bancorp by 60.5% in the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock worth $29,000 after buying an additional 291 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Bancorp by 0.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 67,251 shares of the bank's stock worth $2,251,000 after buying an additional 302 shares during the last quarter. Finally, Legend Financial Advisors Inc. grew its stake in shares of Bancorp by 2.1% in the second quarter. Legend Financial Advisors Inc. now owns 18,200 shares of the bank's stock worth $687,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 96.22% of the company's stock.

Bancorp Price Performance

Shares of Bancorp stock traded up $0.22 during trading on Thursday, hitting $59.05. 380,977 shares of the company's stock traded hands, compared to its average volume of 626,463. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $61.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The company has a market cap of $2.83 billion, a PE ratio of 14.91 and a beta of 1.46. The firm's fifty day moving average price is $54.14 and its 200 day moving average price is $46.46.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The company had revenue of $125.84 million for the quarter, compared to the consensus estimate of $131.34 million. During the same quarter last year, the business earned $0.92 EPS. Analysts forecast that The Bancorp, Inc. will post 4.3 earnings per share for the current year.

Insider Buying and Selling

In other Bancorp news, Director Matthew Cohn purchased 545 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $50.11 per share, with a total value of $27,309.95. Following the purchase, the director now directly owns 56,636 shares of the company's stock, valued at $2,838,029.96. The trade was a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total transaction of $267,997.98. Following the completion of the sale, the executive vice president now directly owns 73,114 shares in the company, valued at approximately $3,584,779.42. This represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,983 shares of company stock worth $1,345,366 in the last three months. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Bancorp from a "sell" rating to a "hold" rating in a report on Monday.

About Bancorp

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.