DekaBank Deutsche Girozentrale Takes $236,000 Position in The Bancorp, Inc. (NASDAQ:TBBK)

DekaBank Deutsche Girozentrale purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,464 shares of the bank's stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBK. Proficio Capital Partners LLC purchased a new stake in Bancorp during the fourth quarter valued at about $651,000. Raymond James Financial Inc. purchased a new stake in Bancorp during the fourth quarter valued at about $3,474,000. Amundi boosted its position in Bancorp by 180.7% during the fourth quarter. Amundi now owns 24,195 shares of the bank's stock valued at $1,256,000 after buying an additional 15,576 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bancorp by 18.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the bank's stock valued at $768,000 after buying an additional 2,267 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Bancorp by 12.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank's stock valued at $199,000 after buying an additional 420 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $65.14 on Tuesday. The Bancorp, Inc. has a fifty-two week low of $40.51 and a fifty-two week high of $65.84. The company has a 50 day simple moving average of $53.97 and a two-hundred day simple moving average of $53.33. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.70 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.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced 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). The business 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%. Analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TBBK. Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a research report on Friday. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a report on Monday, July 7th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, Barclays reiterated a "buy" rating on shares of Bancorp in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.33.

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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