The Bancorp, Inc. $TBBK Holdings Reduced by Rosenthal Henry Capital Advisors Inc.

Key Points

• Rosenthal Henry Capital Advisors reduced its Bancorp stake by 21.7% in the third quarter, selling 30,900 shares and retaining 111,416 shares worth approximately $5.4 million. Institutional investors collectively own 96.22% of TBBK.
• Bancorp reported quarterly earnings of $1.45 per share, beating the $1.36 consensus estimate, although revenue of $137.74 million came in below expectations of $166.69 million.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.75, compared with the stock’s reported opening price of $50.42.

Rosenthal Henry Capital Advisors Inc. trimmed its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 21.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,416 shares of the bank's stock after selling 30,900 shares during the quarter. Bancorp makes up 5.0% of Rosenthal Henry Capital Advisors Inc.'s portfolio, making the stock its 2nd biggest holding. Rosenthal Henry Capital Advisors Inc.'s holdings in Bancorp were worth $5,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Bancorp during the 3rd quarter worth about $203,000. Sterling Capital Management LLC raised its holdings in Bancorp by 840.4% in the 3rd quarter. Sterling Capital Management LLC now owns 1,326 shares of the bank's stock valued at $64,000 after acquiring an additional 1,185 shares during the last quarter. SummerHaven Investment Management LLC acquired a new position in Bancorp in the 3rd quarter valued at $1,017,000. Congress Asset Management Co. boosted its holdings in shares of Bancorp by 21.3% during the third quarter. Congress Asset Management Co. now owns 347,585 shares of the bank's stock worth $16,740,000 after purchasing an additional 61,054 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Bancorp by 177.3% in the third quarter. Versant Capital Management Inc now owns 1,198 shares of the bank's stock valued at $58,000 after purchasing an additional 766 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $72.03, for a total value of $220,195.71. Following the transaction, the chief accounting officer owned 30,219 shares in the company, valued at approximately $2,176,674.57. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.00% of the stock is owned by company insiders.

Bancorp Stock Performance

NASDAQ TBBK opened at $50.42 on Thursday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 9.48 and a beta of 1.25. The Bancorp, Inc. has a 1-year low of $47.01 and a 1-year high of $80.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87. The business's 50-day simple moving average is $54.38 and its 200-day simple moving average is $58.80.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.09. The firm had revenue of $137.74 million during the quarter, compared to analysts' expectations of $166.69 million. Bancorp had a net margin of 27.72% and a return on equity of 32.32%. Equities analysts predict that The Bancorp, Inc. will post 6.00 EPS for the current year.

Analyst Upgrades and Downgrades

TBBK has been the subject of several analyst reports. Weiss Ratings upgraded Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Stephens reiterated an "equal weight" rating and set a $59.00 price objective on shares of Bancorp in a report on Wednesday, October 21st. DA Davidson set a $64.00 target price on shares of Bancorp in a research report on Tuesday, October 20th. Piper Sandler restated an "overweight" rating and issued a $75.00 target price (down from $86.00) on shares of Bancorp in a report on Thursday, September 17th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $60.00 target price on shares of Bancorp in a report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.75.

Bancorp Company Profile

The Bancorp, Inc NASDAQ: TBBK is a financial technology-focused bank holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, N.A., the company provides banking and payment services primarily through partnerships with fintech companies, businesses, and other institutional clients rather than through a traditional branch network.

The company's services include payment processing, prepaid and debit card programs, card issuance, automated clearing house (ACH) and other electronic payment solutions, deposit accounts, and commercial lending.

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