The Bancorp, Inc. (NASDAQ:TBBK) Holdings Lowered by Driehaus Capital Management LLC

Driehaus Capital Management LLC trimmed its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,583 shares of the bank's stock after selling 193,431 shares during the quarter. Driehaus Capital Management LLC owned 1.19% of Bancorp worth $30,082,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Bancorp by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank's stock valued at $16,032,000 after buying an additional 9,748 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bancorp by 132.9% during the third quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank's stock valued at $20,532,000 after acquiring an additional 219,020 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Bancorp during the fourth quarter valued at $3,474,000. Sanctuary Advisors LLC increased its position in Bancorp by 111.9% during the 4th quarter. Sanctuary Advisors LLC now owns 11,067 shares of the bank's stock worth $638,000 after purchasing an additional 5,845 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake 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. Hedge funds and other institutional investors own 96.22% of the company's stock.

Wall Street Analyst Weigh In

TBBK has been the topic of a number of recent analyst reports. StockNews.com lowered Bancorp from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Raymond James reissued an "outperform" rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday, April 28th.

Bancorp Stock Performance

Shares of TBBK traded up $0.57 during mid-day trading on Tuesday, hitting $54.66. The stock had a trading volume of 299,477 shares, compared to its average volume of 573,619. The Bancorp, Inc. has a fifty-two week low of $31.34 and a fifty-two week 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 company has a market cap of $2.62 billion, a PE ratio of 12.71 and a beta of 1.31. The company's fifty day simple moving average is $49.60 and its two-hundred day simple moving average is $53.57.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its 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). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The business had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. On average, equities analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

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.