Emerald Mutual Fund Advisers Trust Has $16.63 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Emerald Mutual Fund Advisers Trust boosted its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 75.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,744 shares of the bank's stock after acquiring an additional 135,813 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.66% of Bancorp worth $16,631,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TBBK. Proficio Capital Partners LLC acquired a new position in Bancorp during the fourth quarter worth $651,000. Raymond James Financial Inc. acquired a new position in Bancorp during the fourth quarter worth $3,474,000. Amundi raised its stake in Bancorp by 180.7% during the fourth quarter. Amundi now owns 24,195 shares of the bank's stock worth $1,256,000 after acquiring an additional 15,576 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Bancorp by 18.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,598 shares of the bank's stock worth $768,000 after acquiring an additional 2,267 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Bancorp by 12.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank's stock worth $199,000 after acquiring an additional 420 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bancorp Trading Up 3.0%

TBBK stock traded up $1.96 during midday trading on Tuesday, reaching $67.10. The stock had a trading volume of 1,748,058 shares, compared to its average volume of 573,350. The business has a fifty day simple moving average of $53.97 and a two-hundred day simple moving average of $53.33. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 15.15 and a beta of 1.25. The Bancorp, Inc. has a twelve month low of $40.51 and a twelve month high of $68.94.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The firm had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. Bancorp had a return on equity of 27.31% and a net margin of 28.45%. As a group, research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

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.