Boothbay Fund Management LLC Sells 63,308 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Boothbay Fund Management LLC decreased its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 55.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,887 shares of the bank's stock after selling 63,308 shares during the period. Boothbay Fund Management LLC owned about 0.11% of Bancorp worth $2,678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in Bancorp by 191.8% during 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 stake in Bancorp in the 4th quarter worth approximately $45,000. Parkside Financial Bank & Trust boosted its stake in Bancorp by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank's stock worth $79,000 after buying an additional 424 shares in the last quarter. KBC Group NV grew its position in Bancorp by 40.9% during the fourth 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 last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Bancorp during the fourth quarter valued at approximately $139,000. Institutional investors own 96.22% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James reaffirmed an "outperform" rating and issued a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods decreased their price objective on Bancorp from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday. Finally, StockNews.com cut Bancorp from a "hold" rating to a "sell" rating in a report on Monday.

Bancorp Trading Up 2.4 %

Shares of TBBK stock traded up $1.16 during mid-day trading on Thursday, reaching $49.47. The stock had a trading volume of 383,435 shares, compared to its average volume of 581,566. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average price is $49.94 and its two-hundred day moving average price is $53.78. The firm has a market capitalization of $2.37 billion, a PE ratio of 11.50 and a beta of 1.26. The Bancorp, Inc. has a 52-week low of $30.04 and a 52-week high of $65.84.

Bancorp (NASDAQ:TBBK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.03). The business had revenue of $175.39 million for 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%. Equities analysts expect that The Bancorp, Inc. will post 5.31 earnings per share 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.