The Bancorp, Inc. (NASDAQ:TBBK) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,260 shares of the bank’s stock after purchasing an additional 611 shares during the period. Federated Hermes Inc.’s holdings in Bancorp were worth $1,861,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TBBK. Carmel Capital Partners LLC acquired a new stake in shares of Bancorp in the third quarter valued at $34,000. Harvest Fund Management Co. Ltd acquired a new stake in Bancorp in the third quarter valued at $88,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Bancorp in the third quarter valued at $103,000. DekaBank Deutsche Girozentrale acquired a new stake in Bancorp in the third quarter valued at $157,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Bancorp in the third quarter valued at $183,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Matthew Cohn purchased 2,485 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $34.21 per share, with a total value of $85,011.85. Following the completion of the acquisition, the director now directly owns 157,627 shares in the company, valued at approximately $5,392,419.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Bancorp news, Director Stephanie B. Mudick acquired 2,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $37.11 per share, with a total value of $74,220.00. Following the acquisition, the director now owns 31,584 shares of the company’s stock, valued at $1,172,082.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Cohn purchased 2,485 shares of Bancorp stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $34.21 per share, with a total value of $85,011.85. Following the completion of the transaction, the director now owns 157,627 shares in the company, valued at approximately $5,392,419.67. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,800 shares of company stock valued at $308,838 over the last quarter. 5.20% of the stock is currently owned by insiders.

Bancorp Stock Performance

Shares of TBBK stock opened at $30.80 on Monday. The stock’s 50-day moving average is $36.02 and its two-hundred day moving average is $37.99. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 8.37 and a beta of 1.45. The Bancorp, Inc. has a 1 year low of $26.97 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.95. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. The firm had revenue of $119.15 million for the quarter, compared to analyst estimates of $118.52 million. Analysts predict that The Bancorp, Inc. will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

TBBK has been the topic of a number of analyst reports. Raymond James raised their price target on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods dropped their price objective on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Finally, StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a report on Friday, April 19th.

Bancorp 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.