ExodusPoint Capital Management LP Trims Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

ExodusPoint Capital Management LP reduced its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 60.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,079 shares of the bank's stock after selling 48,331 shares during the quarter. ExodusPoint Capital Management LP owned about 0.06% of Bancorp worth $1,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TBBK. Arete Wealth Advisors LLC grew its stake in Bancorp by 2.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock valued at $508,000 after purchasing an additional 242 shares during the last quarter. Arcus Capital Partners LLC boosted its position in Bancorp by 5.0% in the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank's stock valued at $347,000 after buying an additional 315 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Bancorp by 12.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank's stock valued at $199,000 after buying an additional 420 shares during the last quarter. Parkside Financial Bank & Trust increased 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 during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after acquiring an additional 489 shares during the period. Institutional investors and hedge funds own 96.22% of the company's stock.

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Bancorp Trading Up 1.2 %

Shares of TBBK traded up $0.51 during midday trading on Monday, hitting $44.14. 61,691 shares of the stock were exchanged, compared to its average volume of 595,529. The firm has a market cap of $2.12 billion, a P/E ratio of 10.27 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a fifty day simple moving average of $53.66 and a 200 day simple moving average of $54.39. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84.

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

Analysts Set New Price Targets

TBBK has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price target on Bancorp from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Raymond James reaffirmed an "outperform" rating and issued a $67.00 price target (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Piper Sandler boosted their price objective on Bancorp from $61.00 to $64.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Finally, StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th.

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.