Los Angeles Capital Management LLC Has $1.16 Million Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Los Angeles Capital Management LLC lessened its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 23.2% in the 4th quarter, Holdings Channel reports. The firm owned 30,175 shares of the bank’s stock after selling 9,120 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bancorp were worth $1,164,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC raised its holdings in Bancorp by 3.3% during the third quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after buying an additional 157,987 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Bancorp by 21.9% in the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock valued at $33,824,000 after acquiring an additional 175,854 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in Bancorp by 80.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock worth $25,032,000 after purchasing an additional 323,986 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in Bancorp by 9.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 703,454 shares of the bank’s stock worth $24,269,000 after purchasing an additional 62,104 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Bancorp by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank’s stock worth $16,171,000 after purchasing an additional 15,430 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TBBK. Keefe, Bruyette & Woods reduced their price objective on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research note on Friday, April 5th. Raymond James boosted their target price on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th.

Bancorp Price Performance

Shares of Bancorp stock opened at $33.14 on Thursday. The firm has a fifty day moving average price of $34.04 and a two-hundred day moving average price of $37.84. The Bancorp, Inc. has a fifty-two week low of $28.41 and a fifty-two week high of $47.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The company has a market cap of $1.73 billion, a PE ratio of 9.01 and a beta of 1.43.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same quarter last year, the business earned $0.88 EPS. Analysts expect that The Bancorp, Inc. will post 4.51 EPS for the current year.

Insiders Place Their Bets

In related news, Director Stephanie B. Mudick bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the transaction, the director now directly owns 31,584 shares of the company’s stock, valued at $1,172,082.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Stephanie B. Mudick bought 2,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were acquired 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 in the company, valued at $1,172,082.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Cohn bought 2,485 shares of the company’s 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 transaction, the director now directly owns 157,627 shares in the company, valued at $5,392,419.67. The disclosure for this purchase can be found here. Insiders acquired a total of 6,191 shares of company stock worth $214,194 over the last quarter. Company insiders own 5.20% of the company’s stock.

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.