Epoch Investment Partners Inc. Has $3.83 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Epoch Investment Partners Inc. lessened its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,800 shares of the bank's stock after selling 137,437 shares during the period. Epoch Investment Partners Inc. owned about 0.15% of Bancorp worth $3,831,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TBBK. Smartleaf Asset Management LLC lifted its stake in 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 bought a new stake in shares of Bancorp during the fourth quarter valued at approximately $45,000. Parkside Financial Bank & Trust grew its holdings in Bancorp by 39.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after buying an additional 424 shares in the last quarter. KBC Group NV increased its position in Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock valued at $112,000 after acquiring an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Bancorp during the 4th quarter worth $139,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TBBK shares. StockNews.com raised shares of Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, March 6th. Keefe, Bruyette & Woods boosted their price objective on Bancorp from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Raymond James reaffirmed an "outperform" rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Price Performance

Shares of TBBK traded down $1.70 during trading hours on Friday, hitting $47.99. 498,561 shares of the company were exchanged, compared to its average volume of 594,006. The firm has a fifty day simple moving average of $50.91 and a 200-day simple moving average of $53.97. The company has a market capitalization of $2.30 billion, a PE ratio of 11.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $65.84.

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

Bancorp 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.