Two Sigma Investments LP Sells 29,695 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Two Sigma Investments LP lowered its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,997 shares of the bank's stock after selling 29,695 shares during the period. Two Sigma Investments LP owned 0.20% of Bancorp worth $5,052,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after buying an additional 489 shares in the last quarter. R Squared Ltd acquired a new stake in Bancorp in the 4th quarter valued at about $45,000. Parkside Financial Bank & Trust raised its stake 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 worth $79,000 after acquiring an additional 424 shares during the last quarter. KBC Group NV lifted its position in shares of Bancorp by 40.9% during the fourth quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after purchasing an additional 620 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bancorp during the fourth quarter worth approximately $139,000. Institutional investors own 96.22% of the company's stock.

Bancorp Trading Down 1.3%

Bancorp stock traded down $0.70 during trading hours on Friday, reaching $51.31. 389,816 shares of the company's stock traded hands, compared to its average volume of 567,055. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 11.93 and a beta of 1.31. 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. The firm's 50 day moving average is $49.72 and its 200-day moving average is $53.64.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced 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 net margin of 30.97% and a return on equity of 27.33%. The business had revenue of $175.39 million during the quarter, compared to analyst estimates of $108.88 million. On average, analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TBBK shares. Keefe, Bruyette & Woods lowered their price target on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Wall Street Zen lowered Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Raymond James reissued an "outperform" rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

Bancorp 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.