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

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

Several other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in shares of Bancorp during the first quarter valued at approximately $518,000. Allspring Global Investments Holdings LLC raised its stake in shares of Bancorp by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,752 shares of the bank's stock valued at $897,000 after purchasing an additional 5,872 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Bancorp by 7,572.1% in the first quarter. GAMMA Investing LLC now owns 77,411 shares of the bank's stock valued at $4,090,000 after purchasing an additional 76,402 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Bancorp by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,225 shares of the bank's stock valued at $329,000 after purchasing an additional 822 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Bancorp in the fourth quarter valued at $3,474,000. 96.22% of the stock is owned by institutional investors.

Bancorp Price Performance

NASDAQ:TBBK traded up $0.49 during trading hours on Friday, reaching $63.08. The company had a trading volume of 397,728 shares, compared to its average volume of 569,559. The stock has a 50-day moving average of $53.97 and a two-hundred day moving average of $53.35. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $65.84. The firm has a market capitalization of $2.95 billion, a PE ratio of 14.24 and a beta of 1.25. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.15.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly 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 net margin of 28.45% and a return on equity of 27.31%. The company had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. Analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TBBK. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Barclays restated a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research note on Monday, July 7th. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $65.00 price target on shares of Bancorp in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.