Nuveen Asset Management LLC Has $11.17 Million Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Nuveen Asset Management LLC trimmed its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 59.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,187 shares of the bank's stock after selling 314,469 shares during the quarter. Nuveen Asset Management LLC owned 0.44% of Bancorp worth $11,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. FMR LLC lifted its position in Bancorp by 2.0% in the 4th quarter. FMR LLC now owns 4,306,715 shares of the bank's stock worth $226,662,000 after buying an additional 85,908 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Bancorp by 35.9% during the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock worth $125,971,000 after acquiring an additional 631,744 shares in the last quarter. Invesco Ltd. boosted its position in Bancorp by 26.2% during the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank's stock valued at $118,251,000 after purchasing an additional 466,795 shares during the last quarter. Janus Henderson Group PLC grew its stake in Bancorp by 3.6% in the fourth quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock valued at $51,783,000 after purchasing an additional 33,943 shares in the last quarter. Finally, Nantahala Capital Management LLC increased its position in Bancorp by 65.7% in the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank's stock worth $51,286,000 after purchasing an additional 386,295 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Performance

Shares of Bancorp stock traded down $0.70 on Friday, reaching $51.31. The stock had a trading volume of 389,816 shares, compared to its average volume of 567,614. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The business's 50-day moving average price is $49.62 and its two-hundred day moving average price is $53.57. The stock has a market cap of $2.40 billion, a P/E ratio of 11.93 and a beta of 1.31. The Bancorp, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last posted 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 return on equity of 27.33% and a net margin of 30.97%. The business had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. On average, sell-side analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.