The Bancorp, Inc. (NASDAQ:TBBK) is Castle Creek Capital Partners VI LP's 2nd Largest Position

Castle Creek Capital Partners VI LP decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 69.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,176 shares of the bank's stock after selling 1,160,000 shares during the quarter. Bancorp accounts for approximately 32.8% of Castle Creek Capital Partners VI LP's portfolio, making the stock its 2nd largest holding. Castle Creek Capital Partners VI LP owned 1.05% of Bancorp worth $26,535,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank's stock worth $40,000 after purchasing an additional 489 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Bancorp during the 4th quarter worth approximately $45,000. Parkside Financial Bank & Trust grew its holdings in shares of Bancorp by 39.3% during the 4th 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 period. KBC Group NV raised its stake in shares of Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank's stock valued at $112,000 after acquiring an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Bancorp during the fourth quarter worth $139,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com cut shares of Bancorp from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Raymond James reaffirmed an "outperform" rating and issued a $67.00 price target (up previously from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Monday, April 28th.

Bancorp Price Performance

NASDAQ:TBBK traded down $0.73 during trading hours on Friday, hitting $51.44. The company's stock had a trading volume of 248,245 shares, compared to its average volume of 575,349. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The Bancorp, Inc. has a 52-week low of $31.34 and a 52-week high of $65.84. The company has a market capitalization of $2.47 billion, a PE ratio of 11.96 and a beta of 1.31. The business's 50-day moving average is $49.54 and its two-hundred day moving average is $53.53.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results 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). The company had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. As a group, research analysts anticipate 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.