Marshall Wace LLP Has $3.78 Million Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Marshall Wace LLP cut its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,761 shares of the bank's stock after selling 31,122 shares during the quarter. Marshall Wace LLP owned about 0.15% of Bancorp worth $3,777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of Bancorp by 2.0% in the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank's stock valued at $226,662,000 after buying an additional 85,908 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock valued at $125,971,000 after buying an additional 631,744 shares in the last quarter. Invesco Ltd. grew its stake in shares of Bancorp by 26.2% in the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock valued at $118,251,000 after buying an additional 466,795 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Bancorp by 2.9% in the fourth quarter. Franklin Resources Inc. now owns 952,277 shares of the bank's stock valued at $50,118,000 after buying an additional 26,907 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of Bancorp by 33.7% in the fourth quarter. Loomis Sayles & Co. L P now owns 715,952 shares of the bank's stock valued at $37,681,000 after buying an additional 180,586 shares in the last quarter. 96.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TBBK has been the subject of a number of research analyst reports. StockNews.com cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Monday. Raymond James reaffirmed an "outperform" rating and set a $67.00 price objective (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday.

Bancorp Stock Performance

Shares of NASDAQ:TBBK traded up $1.04 on Tuesday, reaching $48.75. 290,644 shares of the company's stock were exchanged, compared to its average volume of 587,528. The company has a fifty day moving average of $50.40 and a 200-day moving average of $53.90. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $65.84. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.34 and a beta of 1.26. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The business had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. On average, research analysts predict that The Bancorp, Inc. will post 5.31 EPS 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.