BNP Paribas Financial Markets Has $1.03 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

BNP Paribas Financial Markets reduced its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 63.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,500 shares of the bank’s stock after selling 33,665 shares during the period. BNP Paribas Financial Markets’ holdings in Bancorp were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Emerald Mutual Fund Advisers Trust boosted its position in Bancorp by 514.8% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 178,931 shares of the bank’s stock valued at $9,417,000 after buying an additional 149,828 shares in the last quarter. Nantahala Capital Management LLC boosted its position in Bancorp by 65.7% in the fourth quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank’s stock valued at $51,286,000 after buying an additional 386,295 shares in the last quarter. Aquatic Capital Management LLC boosted its position in Bancorp by 293.4% in the fourth quarter. Aquatic Capital Management LLC now owns 24,801 shares of the bank’s stock valued at $1,305,000 after buying an additional 18,496 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Bancorp in the fourth quarter valued at about $1,087,000. Finally, Jump Financial LLC raised its stake in shares of Bancorp by 197.7% in the fourth quarter. Jump Financial LLC now owns 28,905 shares of the bank’s stock worth $1,521,000 after acquiring an additional 19,194 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Price Performance

NASDAQ:TBBK opened at $54.35 on Wednesday. The Bancorp, Inc. has a 52 week low of $31.34 and a 52 week high of $65.84. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 12.64 and a beta of 1.31. The firm’s 50-day simple moving average is $50.04 and its 200 day simple moving average is $53.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89.

Bancorp (NASDAQ:TBBK) last released 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). The firm had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. As a group, sell-side analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TBBK shares. Keefe, Bruyette & Woods dropped 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. Raymond James reissued an “outperform” rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th.

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.