Emerald Advisers LLC Grows Position in The Bancorp, Inc. (NASDAQ:TBBK)

Emerald Advisers LLC increased its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,269 shares of the bank's stock after purchasing an additional 212,102 shares during the quarter. Bancorp makes up approximately 1.3% of Emerald Advisers LLC's portfolio, making the stock its 27th biggest position. Emerald Advisers LLC owned approximately 1.14% of Bancorp worth $28,971,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TBBK. American Century Companies Inc. increased its position in Bancorp by 35.9% during the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock worth $125,971,000 after buying an additional 631,744 shares during the period. Invesco Ltd. increased its holdings in shares of Bancorp by 26.2% in the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock valued at $118,251,000 after purchasing an additional 466,795 shares during the period. Nantahala Capital Management LLC increased its holdings in shares of Bancorp by 65.7% in the fourth 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 during the period. Balyasny Asset Management L.P. increased its holdings in shares of Bancorp by 599.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank's stock valued at $19,390,000 after purchasing an additional 315,772 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Bancorp by 70.3% in the fourth quarter. JPMorgan Chase & Co. now owns 653,444 shares of the bank's stock valued at $34,391,000 after purchasing an additional 269,660 shares during the period. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Price Performance

TBBK traded up $0.49 during trading on Friday, reaching $63.08. 397,728 shares of the stock were exchanged, compared to its average volume of 568,802. The business's 50 day moving average price is $53.97 and its two-hundred day moving average price is $53.34. 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 company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 14.24 and a beta of 1.25. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year 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). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The firm had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. As a group, equities research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a report on Monday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $65.00 price objective on shares of Bancorp in a report on Friday. One equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $65.33.

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.