BNP Paribas Financial Markets Reduces Position in The Bancorp, Inc. (NASDAQ:TBBK)

BNP Paribas Financial Markets lessened its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 63.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,500 shares of the bank's stock after selling 33,665 shares during the quarter. BNP Paribas Financial Markets' holdings in Bancorp were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Bancorp by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank's stock worth $16,032,000 after acquiring an additional 9,748 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bancorp in the 4th quarter worth about $3,474,000. Sanctuary Advisors LLC lifted its holdings in Bancorp by 111.9% during the 4th quarter. Sanctuary Advisors LLC now owns 11,067 shares of the bank's stock valued at $638,000 after buying an additional 5,845 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after buying an additional 489 shares in the last quarter. Finally, Emerald Advisers LLC bought a new stake in Bancorp during the 4th quarter valued at about $17,692,000. Institutional investors own 96.22% of the company's stock.

Bancorp Stock Down 1.3%

NASDAQ TBBK traded down $0.68 during trading on Monday, reaching $51.10. 358,650 shares of the company's stock traded hands, compared to its average volume of 570,686. 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 firm has a market cap of $2.39 billion, a price-to-earnings ratio of 11.88 and a beta of 1.31. The company's 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $53.71. The Bancorp, Inc. has a 12-month low of $31.34 and a 12-month high of $65.84.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TBBK. Keefe, Bruyette & Woods decreased their price objective on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Raymond James reiterated an "outperform" rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Finally, Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

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.