The Bancorp, Inc. (NASDAQ:TBBK) Stock Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,036,922 shares of the bank's stock after buying an additional 184,647 shares during the period. Principal Financial Group Inc. owned approximately 1.93% of Bancorp worth $39,984,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TBBK. Bank of New York Mellon Corp lifted its stake in shares of Bancorp by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank's stock valued at $16,171,000 after purchasing an additional 15,430 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Bancorp by 26.0% in the 3rd 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 during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Bancorp by 0.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 46,980 shares of the bank's stock valued at $1,621,000 after purchasing an additional 419 shares during the last quarter. Olympiad Research LP bought a new stake in shares of Bancorp in the 3rd quarter valued at approximately $217,000. Finally, Lisanti Capital Growth LLC lifted its stake in shares of Bancorp by 178.6% in the 3rd quarter. Lisanti Capital Growth LLC now owns 208,925 shares of the bank's stock valued at $7,208,000 after purchasing an additional 133,935 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bancorp news, EVP Jennifer F. Terry sold 11,256 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the transaction, the executive vice president now directly owns 15,262 shares in the company, valued at approximately $491,131.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Bancorp news, EVP Jennifer F. Terry sold 11,256 shares of the firm's stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the transaction, the executive vice president now directly owns 15,262 shares in the company, valued at approximately $491,131.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hersh Kozlov acquired 1,000 shares of Bancorp stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $32.53 per share, for a total transaction of $32,530.00. Following the completion of the acquisition, the director now directly owns 111,264 shares in the company, valued at $3,619,417.92. The disclosure for this purchase can be found here. Insiders have bought 6,191 shares of company stock worth $214,194 in the last ninety days. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

TBBK has been the subject of several analyst reports. Raymond James raised their price objective on Bancorp from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods decreased their price target on Bancorp from $52.00 to $46.00 and set an "outperform" rating for the company in a research note on Friday, April 5th. Finally, StockNews.com raised Bancorp from a "sell" rating to a "hold" rating in a research note on Monday, April 29th.

Bancorp Trading Up 0.9 %

Shares of TBBK stock traded up $0.29 on Friday, reaching $33.69. 373,116 shares of the company's stock were exchanged, compared to its average volume of 642,605. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $47.11. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.76 billion, a PE ratio of 9.15 and a beta of 1.43. The company's fifty day simple moving average is $33.02 and its 200 day simple moving average is $37.83.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The bank reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $123.80 million for the quarter, compared to the consensus estimate of $126.86 million. Bancorp had a return on equity of 26.32% and a net margin of 31.40%. During the same period last year, the business posted $0.88 EPS. As a group, analysts forecast that The Bancorp, Inc. will post 4.51 EPS for the current year.

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.