SG Americas Securities LLC Sells 46,188 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

SG Americas Securities LLC lessened its position in shares of The Bancorp, Inc. (NASDAQ:TBBKGet Rating) by 72.3% during the 1st quarter, Holdings Channel reports. The firm owned 17,707 shares of the bank’s stock after selling 46,188 shares during the quarter. SG Americas Securities LLC’s holdings in Bancorp were worth $502,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Dupont Capital Management Corp acquired a new position in shares of Bancorp during the first quarter valued at approximately $173,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bancorp by 44.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,167 shares of the bank’s stock valued at $181,000 after purchasing an additional 2,219 shares in the last quarter. Meritage Portfolio Management acquired a new stake in shares of Bancorp in the first quarter valued at approximately $211,000. GSA Capital Partners LLP purchased a new position in Bancorp in the 4th quarter valued at $243,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Bancorp by 17.9% during the fourth quarter. Teacher Retirement System of Texas now owns 9,853 shares of the bank’s stock worth $249,000 after acquiring an additional 1,495 shares during the period. Hedge funds and other institutional investors own 92.96% of the company’s stock.

Bancorp Stock Down 0.3 %

Shares of NASDAQ:TBBK opened at $24.56 on Friday. The company has a 50 day moving average price of $20.67 and a two-hundred day moving average price of $24.38. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.97. The Bancorp, Inc. has a 52 week low of $16.59 and a 52 week high of $33.36. The company has a market capitalization of $1.39 billion, a PE ratio of 12.47 and a beta of 1.45.

Bancorp (NASDAQ:TBBKGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Bancorp had a return on equity of 17.63% and a net margin of 42.15%. During the same quarter in the prior year, the company earned $0.49 EPS. Analysts forecast that The Bancorp, Inc. will post 2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price objective on shares of Bancorp from $36.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, July 11th.

Bancorp Profile

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The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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