Fmr LLC Sells 432,783 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

FMR LLC decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,220,807 shares of the bank's stock after selling 432,783 shares during the period. FMR LLC owned 8.81% of Bancorp worth $225,813,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank's stock valued at $34,000 after acquiring an additional 263 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock valued at $29,000 after acquiring an additional 291 shares during the period. Advisors Asset Management Inc. raised its holdings in Bancorp by 114.4% during the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank's stock worth $74,000 after buying an additional 741 shares during the last quarter. US Bancorp DE bought a new position in shares of Bancorp during the third quarter valued at about $83,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Bancorp by 345.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank's stock worth $55,000 after purchasing an additional 1,272 shares in the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday.

Insider Activity at Bancorp

In other Bancorp news, EVP Matthew J. Wallace sold 10,160 shares of the company's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total value of $508,609.60. Following the transaction, the executive vice president now directly owns 74,798 shares in the company, valued at $3,744,387.88. The trade was a 11.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 26,983 shares of company stock valued at $1,345,366 over the last ninety days. Insiders own 5.20% of the company's stock.

Bancorp Stock Down 0.1 %

Shares of Bancorp stock traded down $0.08 during trading hours on Tuesday, reaching $57.25. 147,886 shares of the company were exchanged, compared to its average volume of 621,762. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. The stock's fifty day moving average is $54.42 and its 200 day moving average is $47.07. The firm has a market cap of $2.74 billion, a PE ratio of 14.48 and a beta of 1.48. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $61.17.

Bancorp (NASDAQ:TBBK - Get Free Report) last released 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 firm had revenue of $125.84 million during the quarter, compared to analysts' expectations of $131.34 million. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities research analysts forecast that The Bancorp, Inc. will post 4.3 earnings per share for the current year.

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.