Segall Bryant & Hamill LLC lowered its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,512 shares of the bank's stock after selling 6,451 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.48% of Bancorp worth $12,075,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in Bancorp by 2.0% in the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank's stock valued at $226,662,000 after purchasing an additional 85,908 shares in the last quarter. American Century Companies Inc. grew its stake in Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock valued at $125,971,000 after purchasing an additional 631,744 shares in the last quarter. Invesco Ltd. grew its stake in Bancorp by 26.2% in 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 in 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 grew its stake in Bancorp by 65.7% in the fourth quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank's stock valued at $51,286,000 after purchasing an additional 386,295 shares in the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.
Bancorp Stock Performance
Shares of NASDAQ TBBK traded up $1.14 during trading hours on Thursday, hitting $68.95. 790,136 shares of the company's stock were exchanged, compared to its average volume of 571,563. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $69.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 15.56 and a beta of 1.25. The company's 50-day moving average price is $55.21 and its 200-day moving average price is $53.72.
Bancorp (NASDAQ:TBBK - Get Free Report) last posted its quarterly earnings data 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). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The business had revenue of $175.39 million for the quarter, compared to analyst estimates 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.
Wall Street Analysts Forecast Growth
TBBK has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $65.00 target price on shares of Bancorp in a research note on Friday, July 11th. Barclays reaffirmed a "buy" rating on shares of Bancorp in a research report on Monday, July 7th. Jefferies Financial Group raised Bancorp to a "buy" rating in a research report on Monday, July 7th. Raymond James Financial raised Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.33.
Check Out Our Latest Analysis on TBBK
Bancorp Company Profile
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Free Report)
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.
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