Louisiana State Employees Retirement System Buys Shares of 26,800 The Bancorp, Inc. (NASDAQ:TBBK)

Louisiana State Employees Retirement System purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 26,800 shares of the bank's stock, valued at approximately $1,033,000.

Other institutional investors have also recently made changes to their positions in the company. Adirondack Retirement Specialists Inc. raised its stake in Bancorp by 81.2% in the third quarter. Adirondack Retirement Specialists Inc. now owns 84,332 shares of the bank's stock valued at $2,909,000 after purchasing an additional 37,786 shares in the last quarter. Bank of New York Mellon Corp grew its position in Bancorp by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank's stock worth $16,171,000 after acquiring an additional 15,430 shares in the last quarter. Brown Advisory Inc. increased its stake in Bancorp by 3.0% in the third quarter. Brown Advisory Inc. now owns 1,445,705 shares of the bank's stock valued at $49,877,000 after acquiring an additional 42,321 shares during the last quarter. New York State Teachers Retirement System raised its position in Bancorp by 26.0% during the third quarter. New York State Teachers Retirement System now owns 22,283 shares of the bank's stock valued at $769,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Roubaix Capital LLC bought a new stake in Bancorp during the third quarter worth about $3,064,000. Institutional investors own 96.22% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TBBK. Keefe, Bruyette & Woods decreased their price objective on Bancorp from $52.00 to $46.00 and set an "outperform" rating on the stock in a report on Friday, April 5th. Raymond James boosted their price objective on shares of Bancorp from $42.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Finally, StockNews.com cut shares of Bancorp from a "hold" rating to a "sell" rating in a research note on Friday, April 19th.

Insider Activity

In other Bancorp news, Director Stephanie B. Mudick purchased 2,000 shares of Bancorp stock in a transaction that occurred on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the acquisition, the director now directly owns 31,584 shares in the company, valued at $1,172,082.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Daniela Mielke acquired 3,315 shares of the stock in a transaction on Wednesday, January 31st. The stock was acquired at an average cost of $45.13 per share, for a total transaction of $149,605.95. Following the completion of the acquisition, the director now directly owns 26,715 shares of the company's stock, valued at approximately $1,205,647.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephanie B. Mudick acquired 2,000 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were purchased at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the transaction, the director now owns 31,584 shares in the company, valued at approximately $1,172,082.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,800 shares of company stock valued at $308,838. Insiders own 5.20% of the company's stock.

Bancorp Trading Down 0.6 %

Shares of NASDAQ:TBBK traded down $0.19 during trading on Thursday, reaching $33.41. 789,536 shares of the company traded hands, compared to its average volume of 632,603. 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 Bancorp, Inc. has a 52-week low of $26.12 and a 52-week high of $47.11. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.54 and a beta of 1.45. The business's fifty day moving average is $36.49 and its 200-day moving average is $38.01.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share for the quarter, meeting the consensus estimate of $0.95. Bancorp had a net margin of 30.94% and a return on equity of 26.16%. The business had revenue of $119.15 million during the quarter, compared to analysts' expectations of $118.52 million. As a group, analysts forecast that The Bancorp, Inc. will post 4.42 EPS for the current year.

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.