Two Sigma Advisers LP Buys 14,300 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Two Sigma Advisers LP lifted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 213.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the bank's stock after buying an additional 14,300 shares during the period. Two Sigma Advisers LP's holdings in Bancorp were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Bancorp by 2.0% during the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank's stock worth $226,662,000 after purchasing an additional 85,908 shares during the period. American Century Companies Inc. lifted its holdings in Bancorp by 35.9% during the 4th quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank's stock worth $125,971,000 after buying an additional 631,744 shares during the last quarter. Invesco Ltd. boosted its holdings 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 position in shares of Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank's stock valued at $51,783,000 after buying an additional 33,943 shares during the last quarter. Finally, Nantahala Capital Management LLC increased its position in shares of Bancorp by 65.7% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 96.22% of the company's stock.

Bancorp Stock Down 0.1%

Shares of Bancorp stock traded down $0.05 during trading on Wednesday, reaching $50.09. The company had a trading volume of 655,586 shares, compared to its average volume of 569,481. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 11.65 and a beta of 1.31. The firm's fifty day moving average is $49.42 and its 200-day moving average is $53.49. 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 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 announced its earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). The firm had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. On average, analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wall Street Zen downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their price target on Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th.

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.