Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 69,403 shares of the bank's stock, valued at approximately $3,653,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in Bancorp by 34.1% during the third quarter. Barclays PLC now owns 140,844 shares of the bank's stock valued at $7,536,000 after buying an additional 35,777 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Bancorp by 11.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank's stock worth $284,000 after acquiring an additional 539 shares during the period. KBC Group NV increased its stake 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. R Squared Ltd purchased a new stake in shares of Bancorp during the fourth quarter worth about $45,000. Finally, SkyOak Wealth LLC purchased a new stake in Bancorp during the 4th quarter valued at about $288,000. 96.22% of the stock is owned by institutional investors.

Bancorp Price Performance

TBBK traded up $0.29 during midday trading on Thursday, reaching $50.38. 494,152 shares of the company's stock were exchanged, compared to its average volume of 570,007. The business's 50-day moving average price is $49.37 and its 200 day moving average price is $53.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market capitalization of $2.35 billion, a PE ratio of 11.72 and a beta of 1.31. The Bancorp, Inc. has a 1-year low of $31.51 and a 1-year high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results 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). The firm had revenue of $175.39 million during the quarter, compared to analysts' expectations of $108.88 million. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. As a group, equities analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TBBK. Wall Street Zen lowered shares of Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods lowered their target price on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday, April 28th.

About Bancorp

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.