The Bancorp, Inc. (NASDAQ:TBBK) Stock Position Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 715,952 shares of the bank's stock after purchasing an additional 180,586 shares during the quarter. Loomis Sayles & Co. L P owned 1.49% of Bancorp worth $37,681,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TBBK. Smartleaf Asset Management LLC lifted its stake in shares of Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after purchasing an additional 489 shares during the period. R Squared Ltd acquired a new position in Bancorp during the fourth quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of Bancorp in the third quarter worth $54,000. Advisors Asset Management Inc. boosted its position in Bancorp by 114.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank's stock worth $74,000 after purchasing an additional 741 shares during the period. Finally, National Bank of Canada FI acquired a new position in shares of Bancorp during the third quarter worth about $77,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods raised their target price on Bancorp from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. StockNews.com upgraded Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Finally, Raymond James restated an "outperform" rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

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Bancorp Stock Down 0.1 %

Shares of TBBK traded down $0.04 during midday trading on Tuesday, hitting $52.80. The company had a trading volume of 76,174 shares, compared to its average volume of 571,618. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $65.84. The company's 50 day moving average price is $56.14 and its 200 day moving average price is $54.88. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 12.25 and a beta of 1.59.

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, equities research analysts predict that The Bancorp, Inc. will post 5.31 EPS 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.