The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 64.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,063 shares of the bank's stock after selling 50,228 shares during the period. Edgestream Partners L.P. owned 0.06% of Bancorp worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its position in Bancorp by 2.0% during the 4th quarter. FMR LLC now owns 4,306,715 shares of the bank's stock worth $226,662,000 after acquiring an additional 85,908 shares during the period. American Century Companies Inc. lifted its holdings in shares of Bancorp by 35.9% in the 4th quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock valued at $125,971,000 after buying an additional 631,744 shares during the period. Invesco Ltd. lifted its holdings in shares of Bancorp by 26.2% in the 4th quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock valued at $118,251,000 after buying an additional 466,795 shares during the period. Janus Henderson Group PLC increased its stake in shares of Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock valued at $51,783,000 after purchasing an additional 33,943 shares in the last quarter. Finally, Nantahala Capital Management LLC increased its stake in shares of Bancorp by 65.7% in the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank's stock valued at $51,286,000 after purchasing an additional 386,295 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TBBK has been the subject of a number of analyst reports. Oppenheimer restated an "outperform" rating on shares of Bancorp in a research report on Friday. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $65.00 price target on shares of Bancorp in a research note on Friday, July 11th. Morgan Stanley restated an "overweight" rating and issued a $52.00 price target on shares of Bancorp in a research report on Friday. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.00.

Bancorp Stock Performance

Bancorp stock traded down $1.33 during midday trading on Friday, hitting $67.62. The company's stock had a trading volume of 740,472 shares, compared to its average volume of 567,229. The company has a 50-day moving average price of $55.53 and a two-hundred day moving average price of $53.83. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 15.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.88. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $69.88.

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 27.31% and a net margin of 28.45%. The business had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. As a group, sell-side analysts predict 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.