Jefferies Financial Group Inc. Acquires New Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Jefferies Financial Group Inc. purchased a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the bank's stock, valued at approximately $1,053,000.

A number of other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock valued at $40,000 after buying an additional 489 shares during the period. R Squared Ltd bought a new stake in shares of Bancorp in the fourth quarter worth $45,000. Parkside Financial Bank & Trust grew its stake in shares of Bancorp by 39.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock valued at $79,000 after purchasing an additional 424 shares during the period. KBC Group NV grew its position in shares of Bancorp by 40.9% during 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 purchased a new stake in shares of Bancorp in the 4th quarter worth $139,000. Institutional investors own 96.22% of the company's stock.

Wall Street Analyst Weigh In

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

Bancorp Trading Down 1.3%

Bancorp stock traded down $0.70 during midday trading on Friday, reaching $51.31. The stock had a trading volume of 389,816 shares, compared to its average volume of 567,394. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a 52-week low of $31.51 and a 52-week high of $65.84. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.93 and a beta of 1.31. The company has a fifty day moving average of $49.62 and a 200 day moving average of $53.60.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued 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). The company had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. On average, analysts anticipate 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.