The Bancorp, Inc. (NASDAQ:TBBK) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 139.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,510 shares of the bank's stock after purchasing an additional 21,850 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Bancorp worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TBBK. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Bancorp by 4.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 67,363 shares of the bank's stock worth $3,545,000 after acquiring an additional 2,839 shares during the last quarter. Whittier Trust Co. lifted its stake in Bancorp by 4.3% in the fourth quarter. Whittier Trust Co. now owns 128,666 shares of the bank's stock worth $6,771,000 after purchasing an additional 5,309 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Bancorp by 64.6% during the fourth quarter. Teacher Retirement System of Texas now owns 7,920 shares of the bank's stock valued at $417,000 after buying an additional 3,108 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Bancorp by 33.1% in the fourth quarter. Intech Investment Management LLC now owns 28,207 shares of the bank's stock worth $1,485,000 after buying an additional 7,016 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Bancorp during the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

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Bancorp Stock Up 0.1 %

Shares of NASDAQ TBBK traded up $0.03 during mid-day trading on Thursday, reaching $53.59. 393,868 shares of the company were exchanged, compared to its average volume of 563,913. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 12.46 and a beta of 1.59. 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 firm has a 50-day moving average of $56.31 and a 200 day moving average of $54.72. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $1.15 EPS 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, research analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Ratings Changes

TBBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Bancorp from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. StockNews.com upgraded shares of Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, March 6th. Piper Sandler lifted their price target 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. Finally, Raymond James reissued 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.

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.