The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC cut its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 424,423 shares of the bank's stock after selling 52,855 shares during the period. Voloridge Investment Management LLC owned 0.89% of Bancorp worth $22,337,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Bancorp by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank's stock worth $16,032,000 after buying an additional 9,748 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Bancorp during the 4th quarter valued at $3,474,000. Sanctuary Advisors LLC boosted its position in Bancorp by 111.9% during the 4th quarter. Sanctuary Advisors LLC now owns 11,067 shares of the bank's stock worth $638,000 after purchasing an additional 5,845 shares during the period. Smartleaf Asset Management LLC boosted 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 purchasing an additional 489 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in Bancorp in the 4th quarter valued at $17,692,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TBBK shares. Raymond James restated an "outperform" rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price target on Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen cut Bancorp from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

Bancorp Stock Down 1.3%

Bancorp stock traded down $0.68 during midday trading on Monday, hitting $51.10. 358,650 shares of the stock were exchanged, compared to its average volume of 570,686. The Bancorp, Inc. has a 1 year low of $31.34 and a 1 year high of $65.84. 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 firm has a market cap of $2.39 billion, a P/E ratio of 11.88 and a beta of 1.31. The company has a 50 day moving average price of $50.00 and a two-hundred day moving average price of $53.73.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The business had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. On average, sell-side analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

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.