Brown Advisory Inc. Sells 143,249 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Brown Advisory Inc. reduced its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 8.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,526,595 shares of the bank's stock after selling 143,249 shares during the period. Brown Advisory Inc. owned 3.18% of Bancorp worth $80,665,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its stake in Bancorp by 1.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 19,246 shares of the bank's stock valued at $1,017,000 after purchasing an additional 236 shares during the period. Arete Wealth Advisors LLC raised its stake in Bancorp by 2.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock valued at $508,000 after purchasing an additional 242 shares during the period. Napa Wealth Management raised its stake in Bancorp by 3.8% during the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank's stock valued at $365,000 after purchasing an additional 255 shares during the period. First Hawaiian Bank raised its stake in Bancorp by 3.3% during the 1st quarter. First Hawaiian Bank now owns 12,136 shares of the bank's stock valued at $641,000 after purchasing an additional 385 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Bancorp by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock valued at $635,000 after purchasing an additional 408 shares during the period. 96.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TBBK shares. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a report on Friday. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday. Finally, Barclays reaffirmed a "buy" rating on shares of Bancorp in a report on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $65.33.

Bancorp Price Performance

Shares of TBBK traded up $0.49 during mid-day trading on Friday, hitting $63.08. 397,728 shares of the stock were exchanged, compared to its average volume of 570,410. The company has a market cap of $2.95 billion, a PE ratio of 14.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a 50-day moving average of $53.75 and a two-hundred day moving average of $53.28. The Bancorp, Inc. has a 52-week low of $40.51 and a 52-week high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). The company had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a net margin of 28.45% and a return on equity of 27.31%. On average, equities analysts predict 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.