Jefferies Financial Group Inc. Invests $1.05 Million in The Bancorp, Inc. (NASDAQ:TBBK)

Jefferies Financial Group Inc. bought a new position in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the bank's stock, valued at approximately $1,053,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Arete Wealth Advisors LLC increased its stake in Bancorp by 2.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock worth $508,000 after acquiring an additional 242 shares during the last quarter. Arcus Capital Partners LLC boosted its holdings in shares of Bancorp by 5.0% in the 4th quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank's stock worth $347,000 after purchasing an additional 315 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Bancorp by 3.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after purchasing an additional 408 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Bancorp by 8.1% in the 4th quarter. Bank of Montreal Can now owns 5,565 shares of the bank's stock worth $293,000 after purchasing an additional 418 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Bancorp by 12.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank's stock worth $199,000 after purchasing an additional 420 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Bancorp Trading Down 0.8%

NASDAQ TBBK traded down $0.41 on Friday, hitting $53.93. The company's stock had a trading volume of 395,429 shares, compared to its average volume of 572,161. The Bancorp, Inc. has a 52-week low of $31.34 and a 52-week high of $65.84. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The company's 50-day simple moving average is $49.91 and its 200 day simple moving average is $53.67. The firm has a market cap of $2.52 billion, a P/E ratio of 12.54 and a beta of 1.31.

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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $108.88 million. Research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TBBK. Keefe, Bruyette & Woods cut their price objective on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, April 28th. StockNews.com upgraded Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Raymond James restated an "outperform" rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

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.