Nantahala Capital Management LLC Makes New $12.76 Million Investment in The Bancorp, Inc. (NASDAQ:TBBK)

Nantahala Capital Management LLC bought a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 337,846 shares of the bank's stock, valued at approximately $12,757,000. Bancorp makes up approximately 0.7% of Nantahala Capital Management LLC's holdings, making the stock its 20th biggest holding. Nantahala Capital Management LLC owned 0.65% of Bancorp as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. increased its position in Bancorp by 71.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 396,600 shares of the bank's stock worth $13,270,000 after purchasing an additional 164,855 shares in the last quarter. Marshall Wace LLP increased its position in Bancorp by 39.8% during the 2nd quarter. Marshall Wace LLP now owns 337,578 shares of the bank's stock worth $12,747,000 after purchasing an additional 96,072 shares in the last quarter. Jane Street Group LLC increased its position in Bancorp by 129.0% during the 1st quarter. Jane Street Group LLC now owns 124,915 shares of the bank's stock worth $4,180,000 after purchasing an additional 70,361 shares in the last quarter. American Century Companies Inc. increased its position in Bancorp by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 1,603,423 shares of the bank's stock worth $60,545,000 after purchasing an additional 70,178 shares in the last quarter. Finally, Stieven Capital Advisors L.P. acquired a new position in Bancorp during the 2nd quarter worth approximately $1,322,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $55.00 target price (up from $46.00) on shares of Bancorp in a report on Monday, July 29th. StockNews.com lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, July 30th. Finally, Piper Sandler boosted their target price on shares of Bancorp from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 29th.

Bancorp Trading Down 6.1 %

TBBK traded down $3.28 during trading on Tuesday, reaching $50.22. 650,246 shares of the company's stock were exchanged, compared to its average volume of 631,329. The firm has a fifty day moving average price of $49.97 and a two-hundred day moving average price of $40.12. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $54.97. The stock has a market capitalization of $2.46 billion, a PE ratio of 13.71 and a beta of 1.45.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.03). Bancorp had a net margin of 31.52% and a return on equity of 26.81%. The firm had revenue of $124.52 million during the quarter, compared to the consensus estimate of $127.45 million. As a group, equities research analysts forecast that The Bancorp, Inc. will post 4.42 earnings per share for the current fiscal 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.