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

Castle Creek Capital Partners VI LP trimmed its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 69.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 504,176 shares of the bank's stock after selling 1,160,000 shares during the quarter. Bancorp accounts for about 32.8% of Castle Creek Capital Partners VI LP's portfolio, making the stock its 2nd largest position. Castle Creek Capital Partners VI LP owned approximately 1.05% of Bancorp worth $26,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC boosted its stake in Bancorp by 2.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank's stock worth $508,000 after purchasing an additional 242 shares during the last quarter. Arcus Capital Partners LLC lifted its stake in shares of Bancorp by 5.0% in the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank's stock worth $347,000 after buying an additional 315 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Bancorp by 3.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank's stock worth $635,000 after acquiring an additional 408 shares during the last quarter. Bank of Montreal Can grew its stake in Bancorp by 8.1% during the 4th quarter. Bank of Montreal Can now owns 5,565 shares of the bank's stock valued at $293,000 after acquiring an additional 418 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Bancorp by 12.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank's stock valued at $199,000 after acquiring an additional 420 shares during the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Bancorp Stock Up 0.2 %

Shares of NASDAQ:TBBK opened at $51.99 on Tuesday. The firm's 50-day moving average is $49.81 and its two-hundred day moving average is $53.63. 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 Bancorp, Inc. has a 1 year low of $31.34 and a 1 year high of $65.84. The firm has a market capitalization of $2.49 billion, a PE ratio of 12.09 and a beta of 1.31.

Bancorp (NASDAQ:TBBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Ratings Changes

TBBK has been the subject of a number of analyst reports. StockNews.com lowered Bancorp from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price on Bancorp from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Raymond James reiterated an "outperform" rating and set a $67.00 price target (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

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.

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