Segall Bryant & Hamill LLC Has $12.74 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Segall Bryant & Hamill LLC lifted its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,120 shares of the bank's stock after buying an additional 70,768 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.49% of Bancorp worth $12,739,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TBBK. GAMMA Investing LLC raised its position in shares of Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock valued at $29,000 after buying an additional 291 shares during the period. Blue Trust Inc. lifted its stake in Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank's stock valued at $34,000 after buying an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Bancorp by 345.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank's stock worth $55,000 after purchasing an additional 1,272 shares during the last quarter. US Bancorp DE acquired a new position in Bancorp during the 3rd quarter worth approximately $83,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Bancorp in the second quarter valued at about $216,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Insiders Place Their Bets

In other news, CMO Maria Wainwright sold 11,357 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.08, for a total value of $568,758.56. Following the completion of the transaction, the chief marketing officer now owns 23,291 shares in the company, valued at $1,166,413.28. This trade represents a 32.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Cohn bought 545 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average price of $50.11 per share, for a total transaction of $27,309.95. Following the completion of the acquisition, the director now owns 56,636 shares of the company's stock, valued at $2,838,029.96. The trade was a 0.97 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 26,983 shares of company stock valued at $1,345,366. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, November 15th. Piper Sandler increased 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. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $55.00 price objective (up from $46.00) on shares of Bancorp in a research report on Monday, July 29th.

Bancorp Stock Performance

Shares of TBBK opened at $54.98 on Thursday. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $59.46. The company has a market capitalization of $2.64 billion, a PE ratio of 13.88 and a beta of 1.46. The company's fifty day moving average price is $53.38 and its 200 day moving average price is $45.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85.

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

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.