The Bancorp, Inc. (NASDAQ:TBBK) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 653,444 shares of the bank's stock after acquiring an additional 269,660 shares during the period. JPMorgan Chase & Co. owned approximately 1.36% of Bancorp worth $34,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after purchasing an additional 489 shares in the last quarter. R Squared Ltd purchased a new position in Bancorp in the 4th quarter worth $45,000. Point72 DIFC Ltd acquired a new stake in Bancorp during the 3rd quarter worth about $54,000. National Bank of Canada FI acquired a new position in shares of Bancorp in the third quarter valued at about $77,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Bancorp by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after purchasing an additional 424 shares during the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Stock Performance

Bancorp stock traded up $0.67 during mid-day trading on Friday, hitting $43.63. The company had a trading volume of 662,815 shares, compared to its average volume of 597,893. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 10.15 and a beta of 1.26. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The company's fifty day moving average is $53.66 and its 200-day moving average is $54.38. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

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Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Equities research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Wall Street Analyst Weigh In

TBBK has been the topic of a number of recent research reports. Raymond James reiterated an "outperform" rating and issued a $67.00 target price (up previously from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Piper Sandler increased their price objective on shares of Bancorp from $61.00 to $64.00 and gave the stock 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Bancorp from $66.00 to $72.00 and gave the company an "outperform" rating in a 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.