GTS Securities LLC Purchases Shares of 5,141 The Bancorp, Inc. (NASDAQ:TBBK)

GTS Securities LLC bought a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,141 shares of the bank's stock, valued at approximately $271,000.

A number of other large investors also recently added to or reduced their stakes in TBBK. Smartleaf Asset Management LLC lifted its position in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after purchasing an additional 489 shares during the period. R Squared Ltd acquired a new stake in shares of Bancorp in the 4th quarter valued at approximately $45,000. Parkside Financial Bank & Trust raised its position in shares of Bancorp by 39.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock valued at $79,000 after acquiring an additional 424 shares during the period. KBC Group NV raised its position in shares of Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock valued at $112,000 after acquiring an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Bancorp in the 4th quarter valued at approximately $139,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Down 1.3%

NASDAQ TBBK traded down $0.70 during trading hours on Friday, reaching $51.31. 389,816 shares of the company's stock were exchanged, compared to its average volume of 567,614. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 11.93 and a beta of 1.31. The Bancorp, Inc. has a one year low of $31.51 and a one year high of $65.84. The company's 50-day moving average is $49.62 and its two-hundred day moving average is $53.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 27.33% and a net margin of 30.97%. On average, analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on TBBK shares. Raymond James reiterated an "outperform" rating and issued a $67.00 price target (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lowered their target price on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

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.