Tudor Investment Corp ET AL Trims Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Tudor Investment Corp ET AL trimmed its stake in The Bancorp, Inc. (NASDAQ:TBBK - Free Report) by 89.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,240 shares of the bank's stock after selling 157,904 shares during the period. Tudor Investment Corp ET AL's holdings in Bancorp were worth $960,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Barclays PLC raised its stake in shares of Bancorp by 34.1% in the third quarter. Barclays PLC now owns 140,844 shares of the bank's stock valued at $7,536,000 after acquiring an additional 35,777 shares in the last quarter. Franklin Resources Inc. raised its holdings in Bancorp by 18.6% in the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank's stock valued at $52,061,000 after acquiring an additional 144,867 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bancorp by 132.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank's stock valued at $20,532,000 after purchasing an additional 219,020 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Bancorp by 42.6% in the 4th quarter. Sheets Smith Wealth Management now owns 10,029 shares of the bank's stock valued at $528,000 after purchasing an additional 2,998 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Bancorp by 11.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank's stock worth $284,000 after buying an additional 539 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Performance

Shares of Bancorp stock traded up $3.12 on Monday, reaching $54.56. 38,546 shares of the stock were exchanged, compared to its average volume of 573,291. 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 firm has a market capitalization of $2.62 billion, a PE ratio of 12.67 and a beta of 1.31. The Bancorp, Inc. has a 1-year low of $31.34 and a 1-year high of $65.84. The business has a fifty day moving average price of $49.54 and a two-hundred day moving average price of $53.52.

Bancorp (NASDAQ:TBBK - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The company had revenue of $175.39 million for the quarter, compared to analysts' expectations of $108.88 million. As a group, research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Bancorp

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.