Numerai GP LLC Sells 8,961 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Numerai GP LLC decreased its holdings in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,066 shares of the bank's stock after selling 8,961 shares during the quarter. Numerai GP LLC's holdings in Bancorp were worth $372,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted 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 valued at $40,000 after purchasing an additional 489 shares in the last quarter. R Squared Ltd bought a new position in shares of Bancorp during the fourth quarter valued at about $45,000. Parkside Financial Bank & Trust boosted its holdings in Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after purchasing an additional 424 shares during the last quarter. KBC Group NV grew its position in Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock worth $112,000 after purchasing an additional 620 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Bancorp in the 4th quarter valued at about $139,000. Institutional investors and hedge funds own 96.22% of the company's stock.

Wall Street Analysts Forecast Growth

TBBK has been the topic of a number of research analyst reports. StockNews.com downgraded Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday. Keefe, Bruyette & Woods cut their price target on shares of Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Raymond James restated an "outperform" rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Stock Performance

Shares of NASDAQ TBBK traded down $1.01 during trading on Wednesday, reaching $53.34. 67,176 shares of the stock traded hands, compared to its average volume of 568,609. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market capitalization of $2.49 billion, a P/E ratio of 12.41 and a beta of 1.31. The Bancorp, Inc. has a 52-week low of $31.34 and a 52-week high of $65.84. The company has a 50-day moving average of $50.04 and a 200-day moving average of $53.73.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The firm had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal 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.