Deutsche Bank AG Has $46.82 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Deutsche Bank AG raised its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 889,550 shares of the bank's stock after acquiring an additional 65,179 shares during the period. Deutsche Bank AG owned about 1.86% of Bancorp worth $46,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TBBK. American Century Companies Inc. grew its stake in Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock valued at $125,971,000 after acquiring an additional 631,744 shares during the period. Invesco Ltd. grew its stake in Bancorp by 26.2% in the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock valued at $118,251,000 after acquiring an additional 466,795 shares during the period. Nantahala Capital Management LLC grew its stake in Bancorp by 65.7% in the fourth quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank's stock valued at $51,286,000 after acquiring an additional 386,295 shares during the period. Emerald Advisers LLC acquired a new stake in shares of Bancorp during the fourth quarter worth $17,692,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Bancorp by 599.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank's stock worth $19,390,000 after acquiring an additional 315,772 shares during the period. 96.22% of the stock is owned by institutional investors and hedge funds.

Bancorp Trading Up 1.1%

NASDAQ:TBBK opened at $54.66 on Wednesday. The Bancorp, Inc. has a twelve month low of $31.34 and a twelve month high of $65.84. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $49.68 and a two-hundred day moving average price of $53.58. The company has a market cap of $2.62 billion, a P/E ratio of 12.71 and a beta of 1.31.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The firm had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. As a group, analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James restated an "outperform" rating and set a $67.00 price objective (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, StockNews.com upgraded shares of Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday.

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.

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