The Bancorp, Inc. (NASDAQ:TBBK) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 293.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,801 shares of the bank's stock after buying an additional 18,496 shares during the period. Aquatic Capital Management LLC owned 0.05% of Bancorp worth $1,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Bancorp by 191.8% in 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 during the last quarter. R Squared Ltd purchased a new stake in shares of Bancorp in the fourth quarter valued at about $45,000. Parkside Financial Bank & Trust boosted its stake in shares of Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after buying an additional 424 shares during the period. KBC Group NV grew its holdings in shares of Bancorp by 40.9% during the fourth quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after buying an additional 620 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Bancorp in the 4th quarter valued at about $139,000. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Price Performance

Shares of Bancorp stock traded up $2.43 during trading on Friday, reaching $51.90. The company's stock had a trading volume of 400,212 shares, compared to its average volume of 580,004. The business has a 50 day moving average price of $49.87 and a 200-day moving average price of $53.74. The Bancorp, Inc. has a 12-month low of $31.34 and a 12-month high of $65.84. The company has a market capitalization of $2.49 billion, a P/E ratio of 12.07 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The company had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James reiterated an "outperform" rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday. Finally, StockNews.com downgraded shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Monday.

About Bancorp

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.