Sheets Smith Investment Management Invests $1.25 Million in The Bancorp, Inc. (NASDAQ:TBBK)

Sheets Smith Investment Management purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,777 shares of the bank's stock, valued at approximately $1,251,000.

A number of other large investors also recently made changes to their positions in the company. Advantage Alpha Capital Partners LP increased its stake in Bancorp by 12.9% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 12,182 shares of the bank's stock valued at $641,000 after buying an additional 1,388 shares during the last quarter. Emerald Advisers LLC bought a new position in shares of Bancorp in the fourth quarter valued at approximately $17,692,000. LPL Financial LLC grew its holdings in shares of Bancorp by 52.1% in the fourth quarter. LPL Financial LLC now owns 9,230 shares of the bank's stock valued at $486,000 after acquiring an additional 3,163 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bancorp during the fourth quarter valued at approximately $521,000. Finally, American Century Companies Inc. lifted its holdings in Bancorp by 35.9% during the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock worth $125,971,000 after acquiring an additional 631,744 shares during the period. 96.22% of the stock is owned by institutional investors.

Bancorp Stock Performance

NASDAQ:TBBK traded down $1.00 during trading hours on Friday, reaching $52.59. The stock had a trading volume of 370,148 shares, compared to its average volume of 574,112. The stock has a market cap of $2.53 billion, a P/E ratio of 12.23 and a beta of 1.59. The stock has a 50 day simple moving average of $56.21 and a 200 day simple moving average of $54.74. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84.

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Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, topping 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, research analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.