Quantbot Technologies LP Purchases 11,308 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Quantbot Technologies LP raised its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 259.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,660 shares of the bank's stock after buying an additional 11,308 shares during the quarter. Quantbot Technologies LP's holdings in Bancorp were worth $838,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Bancorp by 129.0% in the 1st quarter. Jane Street Group LLC now owns 124,915 shares of the bank's stock valued at $4,180,000 after buying an additional 70,361 shares during the period. Victory Capital Management Inc. lifted its stake in Bancorp by 7.0% in the second quarter. Victory Capital Management Inc. now owns 391,290 shares of the bank's stock valued at $14,775,000 after buying an additional 25,731 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Bancorp in the second quarter valued at about $391,000. Penserra Capital Management LLC acquired a new stake in Bancorp during the 3rd quarter worth approximately $514,000. Finally, Raymond James & Associates grew its position in Bancorp by 55.9% in the 3rd quarter. Raymond James & Associates now owns 50,276 shares of the bank's stock valued at $2,690,000 after buying an additional 18,027 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

Insider Buying and Selling at Bancorp

In related news, EVP Thomas G. Pareigat sold 5,466 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the sale, the executive vice president now owns 73,114 shares in the company, valued at approximately $3,584,779.42. This represents a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Matthew J. Wallace sold 10,160 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total value of $508,609.60. Following the completion of the sale, the executive vice president now owns 74,798 shares of the company's stock, valued at $3,744,387.88. This trade represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,983 shares of company stock valued at $1,345,366 in the last quarter. Corporate insiders own 5.20% of the company's stock.

Bancorp Stock Performance

TBBK stock traded down $0.96 during trading on Monday, hitting $57.47. 262,494 shares of the company's stock traded hands, compared to its average volume of 622,949. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 14.76 and a beta of 1.46. The stock has a fifty day moving average price of $54.34 and a two-hundred day moving average price of $46.90. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $61.17. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The company had revenue of $125.84 million during the quarter, compared to analysts' expectations of $131.34 million. During the same period in the prior year, the business posted $0.92 EPS. As a group, equities analysts anticipate that The Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a report on Monday, November 25th.

Bancorp Company 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.