The Bancorp, Inc. (NASDAQ:TBBK) Holdings Cut by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. trimmed its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,066 shares of the bank's stock after selling 5,077 shares during the quarter. Bancorp makes up approximately 8.8% of Rosenthal Henry Capital Advisors Inc.'s investment portfolio, making the stock its 2nd biggest holding. Rosenthal Henry Capital Advisors Inc. owned about 0.34% of Bancorp worth $8,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TBBK. Sequoia Financial Advisors LLC purchased a new stake in shares of Bancorp during the first quarter valued at $518,000. GAMMA Investing LLC boosted its holdings in Bancorp by 7,572.1% in the first quarter. GAMMA Investing LLC now owns 77,411 shares of the bank's stock valued at $4,090,000 after purchasing an additional 76,402 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Bancorp by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 6,225 shares of the bank's stock valued at $329,000 after purchasing an additional 822 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Bancorp in the fourth quarter valued at $3,474,000. Finally, Emerald Advisers LLC purchased a new stake in Bancorp in the fourth quarter valued at $17,692,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Stock Up 5.4%

TBBK stock opened at $62.76 on Tuesday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 14.16 and a beta of 1.25. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The Bancorp, Inc. has a 12 month low of $38.51 and a 12 month high of $65.84. The firm has a 50-day moving average of $52.95 and a two-hundred day moving average of $53.10.

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 analysts' consensus estimates of $1.22 by ($0.03). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The company had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. As a group, analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TBBK shares. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Raymond James Financial upgraded shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday. Barclays reiterated a "buy" rating on shares of Bancorp in a research report on Monday. Keefe, Bruyette & Woods downgraded shares of Bancorp from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $70.00 to $65.00 in a research report on Thursday, June 12th. Finally, Jefferies Financial Group upgraded shares of Bancorp to a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bancorp presently has an average rating of "Moderate Buy" and a consensus target price of $65.33.

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.

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