The Bancorp, Inc. (NASDAQ:TBBK) Stock Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of The Bancorp, Inc. (NASDAQ:TBBKFree Report) by 0.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,606,491 shares of the bank’s stock after selling 1,327 shares during the period. Vanguard Group Inc. owned 6.84% of Bancorp worth $139,066,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its position in Bancorp by 63.6% during the fourth quarter. Rafferty Asset Management LLC now owns 73,827 shares of the bank’s stock valued at $2,847,000 after buying an additional 28,699 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Bancorp by 79.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 88,285 shares of the bank’s stock worth $3,404,000 after purchasing an additional 38,961 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Bancorp by 45.9% during the fourth quarter. First Hawaiian Bank now owns 14,819 shares of the bank’s stock worth $571,000 after purchasing an additional 4,664 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bancorp by 89.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 127,192 shares of the bank’s stock worth $4,904,000 after purchasing an additional 60,016 shares during the period. Finally, Invesco Ltd. grew its position in Bancorp by 24.0% during the third quarter. Invesco Ltd. now owns 219,127 shares of the bank’s stock valued at $7,560,000 after purchasing an additional 42,346 shares in the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TBBK has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $55.00 target price on shares of Bancorp in a research note on Tuesday. Keefe, Bruyette & Woods reduced their target price on Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Finally, StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th.

Read Our Latest Stock Report on TBBK

Bancorp Price Performance

Shares of NASDAQ:TBBK opened at $37.82 on Friday. The firm has a market capitalization of $1.98 billion, a PE ratio of 10.28 and a beta of 1.47. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $47.11. The business’s 50 day moving average is $33.56 and its 200-day moving average is $36.69.

Bancorp (NASDAQ:TBBKGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. Bancorp had a net margin of 31.40% and a return on equity of 26.32%. The firm had revenue of $123.80 million for the quarter, compared to the consensus estimate of $126.86 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. Sell-side analysts predict that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Insider Buying and Selling

In other Bancorp news, Director Cheryl Creuzot sold 766 shares of Bancorp stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $32.64, for a total transaction of $25,002.24. Following the sale, the director now directly owns 7,638 shares of the company’s stock, valued at $249,304.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Bancorp news, Director Cheryl Creuzot sold 766 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $32.64, for a total transaction of $25,002.24. Following the completion of the transaction, the director now directly owns 7,638 shares in the company, valued at $249,304.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total value of $362,218.08. Following the transaction, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at $491,131.16. The disclosure for this sale can be found here. Insiders acquired 1,706 shares of company stock valued at $54,962 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

About Bancorp

(Free Report)

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.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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