Squarepoint Ops LLC Has $3.01 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Squarepoint Ops LLC lessened its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 45.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,257 shares of the bank's stock after selling 47,989 shares during the period. Squarepoint Ops LLC owned approximately 0.12% of Bancorp worth $3,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TBBK. Smartleaf Asset Management LLC raised its stake in Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after purchasing an additional 489 shares in the last quarter. R Squared Ltd bought a new position in shares of Bancorp during the fourth quarter worth approximately $45,000. Parkside Financial Bank & Trust raised its position in shares of Bancorp by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock valued at $79,000 after buying an additional 424 shares in the last quarter. KBC Group NV boosted its stake in shares of Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank's stock valued at $112,000 after buying an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Bancorp in the fourth quarter valued at approximately $139,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Price Performance

Shares of Bancorp stock traded down $0.70 during midday trading on Friday, hitting $51.31. 389,816 shares of the company traded hands, compared to its average volume of 567,055. The firm's fifty day moving average price is $49.72 and its 200-day moving average price is $53.64. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 11.93 and a beta of 1.31. The Bancorp, Inc. has a 12 month low of $31.51 and a 12 month high of $65.84. 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 posted its earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share 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 company had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. As a group, sell-side analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Bancorp Company 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.