UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 22,479 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 19.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 139,069 shares of the bank's stock after buying an additional 22,479 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Bancorp worth $7,319,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TBBK. Principal Financial Group Inc. increased its holdings in shares of Bancorp by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank's stock valued at $16,032,000 after purchasing an additional 9,748 shares during the period. Raymond James Financial Inc. acquired a new position in Bancorp during the fourth quarter worth about $3,474,000. Sanctuary Advisors LLC grew its holdings in Bancorp by 111.9% during the fourth quarter. Sanctuary Advisors LLC now owns 11,067 shares of the bank's stock worth $638,000 after acquiring an additional 5,845 shares during the period. Smartleaf Asset Management LLC grew its holdings in Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after acquiring an additional 489 shares during the period. Finally, Emerald Advisers LLC acquired a new position in Bancorp during the fourth quarter worth about $17,692,000. 96.22% of the stock is currently owned by institutional investors.

Bancorp Trading Up 0.6%

TBBK traded up $0.29 during trading on Thursday, reaching $50.38. The company had a trading volume of 494,152 shares, compared to its average volume of 570,007. The firm's 50-day simple moving average is $49.37 and its 200 day simple moving average is $53.45. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 11.72 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 announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The business had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Equities research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TBBK shares. Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods dropped 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.