The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 30.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,213 shares of the bank's stock after selling 21,190 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Bancorp worth $2,548,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its stake in Bancorp by 64.6% in the 4th quarter. Teacher Retirement System of Texas now owns 7,920 shares of the bank's stock worth $417,000 after purchasing an additional 3,108 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Bancorp during the 4th quarter valued at about $521,000. LPL Financial LLC raised its position in Bancorp by 52.1% in the 4th quarter. LPL Financial LLC now owns 9,230 shares of the bank's stock worth $486,000 after purchasing an additional 3,163 shares during the period. JPMorgan Chase & Co. raised its position in Bancorp by 70.3% in the 4th quarter. JPMorgan Chase & Co. now owns 653,444 shares of the bank's stock worth $34,391,000 after purchasing an additional 269,660 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Bancorp in the 4th quarter worth about $139,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Damian Kozlowski sold 141,213 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $64.84, for a total value of $9,156,250.92. Following the sale, the chief executive officer directly owned 816,443 shares of the company's stock, valued at approximately $52,938,164.12. The trade was a 14.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Cohn purchased 1,350 shares of Bancorp stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $64.80 per share, for a total transaction of $87,480.00. Following the completion of the purchase, the director directly owned 1,350 shares in the company, valued at approximately $87,480. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 300,000 shares of company stock worth $19,260,310 over the last quarter. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TBBK has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial raised shares of Bancorp from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 7th. Jefferies Financial Group raised shares of Bancorp to a "buy" rating in a research report on Monday, July 7th. Oppenheimer reaffirmed an "outperform" rating on shares of Bancorp in a research report on Friday, July 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $52.00 target price on shares of Bancorp in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.00.

Bancorp Price Performance

Shares of TBBK stock traded down $0.67 on Friday, reaching $62.49. 1,104,497 shares of the company were exchanged, compared to its average volume of 588,541. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 13.44 and a beta of 1.25. The business has a 50-day moving average price of $57.79 and a 200 day moving average price of $54.70. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.88 and a current ratio of 0.91. The Bancorp, Inc. has a 1 year low of $40.51 and a 1 year high of $70.63.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.01. The business had revenue of $138.00 million during the quarter, compared to analysts' expectations of $94.87 million. Bancorp had a net margin of 32.85% and a return on equity of 27.24%. Equities research analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

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.