The Bancorp, Inc. (NASDAQ:TBBK) Shares Bought by Jump Financial LLC

Jump Financial LLC boosted its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 197.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,905 shares of the bank's stock after purchasing an additional 19,194 shares during the quarter. Jump Financial LLC owned 0.06% of Bancorp worth $1,521,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in Bancorp by 2.0% in the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank's stock worth $226,662,000 after purchasing an additional 85,908 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Bancorp by 35.9% in the 4th quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock valued at $125,971,000 after purchasing an additional 631,744 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Bancorp by 26.2% in the 4th quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock worth $118,251,000 after purchasing an additional 466,795 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Bancorp by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,362,668 shares of the bank's stock worth $72,914,000 after purchasing an additional 6,459 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Bancorp by 2.9% during the 4th quarter. Franklin Resources Inc. now owns 952,277 shares of the bank's stock valued at $50,118,000 after purchasing an additional 26,907 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Bancorp Trading Up 2.7 %

TBBK traded up $1.31 during midday trading on Thursday, reaching $49.69. 429,127 shares of the company's stock traded hands, compared to its average volume of 594,808. The firm has a fifty day moving average of $51.12 and a two-hundred day moving average of $54.00. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 11.56 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 52 week low of $29.92 and a 52 week high of $65.84.

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