9,600 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Bought by Versor Investments LP

Versor Investments LP bought a new position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 9,600 shares of the bank's stock, valued at approximately $514,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank's stock worth $29,000 after purchasing an additional 291 shares during the period. Blue Trust Inc. boosted its stake in shares of Bancorp by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank's stock worth $34,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Bancorp by 345.7% during the 1st 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 period. US Bancorp DE purchased a new position in shares of Bancorp during the 3rd quarter worth about $83,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of Bancorp during the 2nd quarter worth about $216,000. 96.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TBBK. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $55.00 price target (up from $46.00) on shares of Bancorp in a research note on Monday, July 29th. StockNews.com cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Tuesday, July 30th. Finally, Piper Sandler boosted their price objective on shares of Bancorp from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 29th.

Bancorp Stock Down 4.5 %

Shares of TBBK traded down $2.58 during mid-day trading on Thursday, hitting $54.24. The company's stock had a trading volume of 815,143 shares, compared to its average volume of 630,738. The company's 50-day moving average is $52.82 and its 200-day moving average is $44.80. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $59.46. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.70 and a beta of 1.46. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly 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). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The business had revenue of $125.84 million during the quarter, compared to analysts' expectations of $131.34 million. During the same period in the previous year, the company posted $0.92 EPS. On average, equities research analysts forecast that The Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Insider Transactions at Bancorp

In related news, Director Matthew Cohn purchased 545 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were acquired at an average price of $50.11 per share, for a total transaction of $27,309.95. Following the purchase, the director now owns 56,636 shares of the company's stock, valued at $2,838,029.96. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Maria Wainwright sold 11,357 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.56. Following the transaction, the chief marketing officer now owns 23,291 shares in the company, valued at $1,166,413.28. The trade was a 32.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,983 shares of company stock valued at $1,345,366. Company insiders own 5.20% of the company's stock.

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.