Moody Aldrich Partners LLC Purchases New Position in The Bancorp, Inc. (NASDAQ:TBBK)

Moody Aldrich Partners LLC purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,299 shares of the bank's stock, valued at approximately $7,184,000. Bancorp accounts for about 1.3% of Moody Aldrich Partners LLC's portfolio, making the stock its 20th biggest holding. Moody Aldrich Partners LLC owned about 0.35% of Bancorp at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Carmel Capital Partners LLC acquired a new position in shares of Bancorp during the third quarter valued at $34,000. Advisor Group Holdings Inc. lifted its stake in shares of Bancorp by 325.8% during the first quarter. Advisor Group Holdings Inc. now owns 1,222 shares of the bank's stock valued at $35,000 after acquiring an additional 935 shares during the period. Coppell Advisory Solutions LLC acquired a new position in shares of Bancorp during the second quarter valued at $45,000. Federated Hermes Inc. lifted its stake in shares of Bancorp by 28.1% during the third quarter. Federated Hermes Inc. now owns 2,279 shares of the bank's stock valued at $50,000 after acquiring an additional 500 shares during the period. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Bancorp during the fourth quarter valued at $56,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Bancorp Stock Up 1.2 %

Shares of NASDAQ TBBK traded up $0.40 during mid-day trading on Tuesday, reaching $32.68. 309,442 shares of the company's stock were exchanged, compared to its average volume of 634,432. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 9.34 and a beta of 1.45. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $38.70 and a 200 day simple moving average of $38.15. The Bancorp, Inc. has a twelve month low of $25.97 and a twelve month high of $47.11.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 EPS for the quarter, hitting analysts' consensus estimates of $0.95. The company had revenue of $119.15 million for the quarter, compared to analyst estimates of $118.52 million. Bancorp had a return on equity of 26.16% and a net margin of 30.94%. As a group, equities analysts expect that The Bancorp, Inc. will post 4.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TBBK. Keefe, Bruyette & Woods cut their target price on Bancorp from $52.00 to $46.00 and set an "outperform" rating on the stock in a research note on Friday. Piper Sandler increased their target price on Bancorp from $49.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday, December 21st. StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a research note on Wednesday, March 6th. Finally, Raymond James increased their target price on Bancorp from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, January 29th.

Insider Transactions at Bancorp

In other Bancorp news, Director Stephanie B. Mudick purchased 2,000 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the completion of the transaction, the director now directly owns 31,584 shares in the company, valued at approximately $1,172,082.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Matthew Cohn acquired 2,485 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the acquisition, the director now owns 157,627 shares in the company, valued at $5,392,419.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephanie B. Mudick acquired 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $37.11 per share, with a total value of $74,220.00. Following the completion of the acquisition, the director now owns 31,584 shares of the company's stock, valued at approximately $1,172,082.24. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,800 shares of company stock valued at $308,838 over the last 90 days. 4.30% of the stock is owned by company insiders.

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.