The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,984,576 shares of the bank's stock after selling 22,613 shares during the quarter. Wellington Management Group LLP owned approximately 4.14% of Bancorp worth $106,175,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TBBK. American Century Companies Inc. grew its stake in shares of Bancorp by 4.6% during the second quarter. American Century Companies Inc. now owns 1,603,423 shares of the bank's stock valued at $60,545,000 after buying an additional 70,178 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in Bancorp by 11.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 442,715 shares of the bank's stock worth $16,717,000 after acquiring an additional 46,115 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Bancorp by 7.0% in the 2nd quarter. Victory Capital Management Inc. now owns 391,290 shares of the bank's stock valued at $14,775,000 after purchasing an additional 25,731 shares in the last quarter. Nantahala Capital Management LLC bought a new position in shares of Bancorp in the 2nd quarter worth $12,757,000. Finally, Marshall Wace LLP grew its stake in Bancorp by 39.8% in the second quarter. Marshall Wace LLP now owns 337,578 shares of the bank's stock valued at $12,747,000 after purchasing an additional 96,072 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, December 3rd.

Insider Activity at Bancorp

In other Bancorp news, EVP Thomas G. Pareigat sold 5,466 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total transaction of $267,997.98. Following the completion of the sale, the executive vice president now directly owns 73,114 shares in the company, valued at approximately $3,584,779.42. The trade was a 6.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matthew J. Wallace sold 10,160 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total transaction of $508,609.60. Following the completion of the transaction, the executive vice president now directly owns 74,798 shares in the company, valued at approximately $3,744,387.88. This represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,983 shares of company stock worth $1,345,366. 5.20% of the stock is owned by company insiders.

Bancorp Stock Performance

TBBK traded down $0.63 on Tuesday, reaching $55.18. 321,739 shares of the stock were exchanged, compared to its average volume of 616,623. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The company's 50-day moving average price is $54.90 and its 200 day moving average price is $47.90. The firm has a market capitalization of $2.64 billion, a PE ratio of 14.21 and a beta of 1.48. The Bancorp, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $61.17.

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