Intech Investment Management LLC Has $1.13 Million Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Intech Investment Management LLC boosted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 136.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,191 shares of the bank's stock after buying an additional 12,233 shares during the quarter. Intech Investment Management LLC's holdings in Bancorp were worth $1,134,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Bancorp by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 27,959 shares of the bank's stock valued at $1,056,000 after purchasing an additional 234 shares during the last quarter. Blue Trust Inc. lifted its stake in Bancorp by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank's stock worth $34,000 after acquiring an additional 263 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 acquiring an additional 291 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Bancorp by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 67,251 shares of the bank's stock worth $2,251,000 after acquiring an additional 302 shares in the last quarter. Finally, Legend Financial Advisors Inc. lifted its stake in Bancorp by 2.1% in the 2nd quarter. Legend Financial Advisors Inc. now owns 18,200 shares of the bank's stock worth $687,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 96.22% of the company's stock.

Bancorp Stock Up 0.4 %

Shares of NASDAQ TBBK traded up $0.22 during mid-day trading on Thursday, reaching $59.05. 380,977 shares of the company traded hands, compared to its average volume of 626,463. 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 has a market cap of $2.83 billion, a PE ratio of 14.91 and a beta of 1.46. The company's fifty day moving average is $54.14 and its two-hundred day moving average is $46.46. The Bancorp, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $61.17.

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 business had revenue of $125.84 million during the quarter, compared to analyst estimates of $131.34 million. Bancorp had a net margin of 30.97% and a return on equity of 26.63%. During the same period last year, the business earned $0.92 EPS. On average, analysts expect that The Bancorp, Inc. will post 4.3 earnings per share for the current year.

Insider Buying and Selling at Bancorp

In other news, CMO Maria Wainwright sold 11,357 shares of Bancorp stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $50.08, for a total value of $568,758.56. Following the completion of the sale, the chief marketing officer now directly owns 23,291 shares of the company's stock, valued at approximately $1,166,413.28. This trade represents a 32.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas G. Pareigat sold 5,466 shares of Bancorp stock in a transaction 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 completion of the sale, 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. Insiders have sold 26,983 shares of company stock valued at $1,345,366 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a research note 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.