Emerald Mutual Fund Advisers Trust Increases Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Emerald Mutual Fund Advisers Trust increased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 514.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,931 shares of the bank's stock after purchasing an additional 149,828 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.37% of Bancorp worth $9,417,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TBBK. Smartleaf Asset Management LLC raised its position in shares of Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after purchasing an additional 489 shares during the last quarter. R Squared Ltd acquired a new position in shares of Bancorp during the 4th quarter worth approximately $45,000. Parkside Financial Bank & Trust raised its position in shares of Bancorp by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after purchasing an additional 424 shares during the last quarter. KBC Group NV raised its position in shares of Bancorp by 40.9% during the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after purchasing an additional 620 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bancorp during the 4th quarter worth approximately $139,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Bancorp Trading Up 2.4 %

TBBK traded up $1.16 during trading on Thursday, hitting $49.47. The company's stock had a trading volume of 383,435 shares, compared to its average volume of 580,384. The firm's 50 day moving average price is $49.94 and its 200-day moving average price is $53.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market cap of $2.37 billion, a PE ratio of 11.50 and a beta of 1.26. The Bancorp, Inc. has a twelve month low of $30.79 and a twelve month high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a net margin of 30.97% and a return on equity of 27.33%. The company had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. On average, analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current 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.