Janus Henderson Group PLC Raises Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Janus Henderson Group PLC increased its position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 983,898 shares of the bank's stock after acquiring an additional 33,943 shares during the period. Janus Henderson Group PLC owned approximately 2.05% of Bancorp worth $51,783,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TBBK. Smartleaf Asset Management LLC boosted its holdings in shares of Bancorp by 191.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after buying an additional 489 shares during the period. R Squared Ltd acquired a new position in Bancorp in the fourth 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 raised its stake in shares of Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after acquiring an additional 620 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Bancorp during the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TBBK shares. Keefe, Bruyette & Woods lowered their price objective on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. StockNews.com raised shares of Bancorp from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Raymond James reissued an "outperform" rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Stock Performance

NASDAQ TBBK traded down $0.41 during trading on Friday, hitting $53.93. 395,429 shares of the company's stock traded hands, compared to its average volume of 571,364. The business has a 50 day moving average of $49.91 and a 200-day moving average of $53.65. The Bancorp, Inc. has a 12-month low of $31.34 and a 12-month high of $65.84. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.54 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.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The company had revenue of $175.39 million for 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 research analysts anticipate 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.