James Investment Research Inc. Buys 10,013 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

James Investment Research Inc. increased its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 13.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,277 shares of the bank's stock after acquiring an additional 10,013 shares during the period. James Investment Research Inc. owned about 0.17% of Bancorp worth $4,400,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Bancorp by 45.2% during the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank's stock worth $77,000 after buying an additional 456 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Bancorp during the 4th quarter worth $139,000. Ethic Inc. acquired a new position in Bancorp during the 4th quarter worth $209,000. Wedbush Securities Inc. acquired a new position in Bancorp during the 4th quarter worth $213,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Bancorp during the 1st quarter worth $227,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TBBK. Jefferies Financial Group raised Bancorp to a "buy" rating in a report on Monday, July 7th. Barclays reissued a "buy" rating on shares of Bancorp in a research note on Monday, July 7th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $65.00 price target on shares of Bancorp in a research note on Friday, July 11th. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $52.00 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, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.00.

Bancorp Trading Down 2.0%

Shares of TBBK traded down $1.36 during trading hours on Friday, reaching $67.59. The stock had a trading volume of 143,306 shares, compared to its average volume of 569,897. 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 Bancorp, Inc. has a 52 week low of $40.51 and a 52 week high of $69.88. The firm has a 50-day moving average of $55.21 and a 200 day moving average of $53.72. The company has a market cap of $3.16 billion, a P/E ratio of 15.22 and a beta of 1.25.

Bancorp (NASDAQ:TBBK - Get Free Report) last released 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). Bancorp had a net margin of 28.45% and a return on equity of 27.31%. The firm had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. On average, sell-side analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

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.