BNP Paribas Financial Markets Has $2.84 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

BNP Paribas Financial Markets boosted its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 169.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,165 shares of the bank's stock after buying an additional 33,413 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of Bancorp worth $2,844,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Jane Street Group LLC boosted its holdings in Bancorp by 129.0% during the first quarter. Jane Street Group LLC now owns 124,915 shares of the bank's stock worth $4,180,000 after buying an additional 70,361 shares during the last quarter. GAMMA Investing LLC increased its stake in Bancorp by 60.5% in the second quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock valued at $29,000 after purchasing an additional 291 shares in the last quarter. SG Americas Securities LLC raised its holdings in Bancorp by 150.1% in the second quarter. SG Americas Securities LLC now owns 16,731 shares of the bank's stock worth $632,000 after purchasing an additional 10,042 shares during the period. Mesirow Financial Investment Management Inc. bought a new position in shares of Bancorp during the second quarter worth $216,000. Finally, Raymond James & Associates acquired a new position in shares of Bancorp in the 2nd quarter valued at $1,218,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday.

Insider Activity at Bancorp

In related news, Director Matthew Cohn bought 545 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of $50.11 per share, with a total value of $27,309.95. Following the completion of the transaction, the director now owns 56,636 shares in the company, valued at $2,838,029.96. The trade was a 0.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the transaction, the executive vice president now directly owns 73,114 shares of the company's stock, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,983 shares of company stock valued at $1,345,366. 5.20% of the stock is owned by insiders.

Bancorp Stock Up 1.2 %

Shares of Bancorp stock traded up $0.68 on Friday, hitting $57.56. The company had a trading volume of 264,775 shares, compared to its average volume of 619,192. 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 stock has a 50-day moving average of $54.86 and a 200-day moving average of $47.54. The firm has a market capitalization of $2.76 billion, a P/E ratio of 14.54 and a beta of 1.48.

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