Jefferies Financial Group Inc. Has $2.34 Million Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Jefferies Financial Group Inc. raised its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 121.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,269 shares of the bank’s stock after purchasing an additional 24,269 shares during the quarter. Jefferies Financial Group Inc. owned 0.09% of Bancorp worth $2,339,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Bancorp by 2.0% in the 4th quarter. FMR LLC now owns 4,306,715 shares of the bank’s stock valued at $226,662,000 after purchasing an additional 85,908 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Bancorp by 26.2% in the 4th quarter. Invesco Ltd. now owns 2,246,836 shares of the bank’s stock valued at $118,251,000 after purchasing an additional 466,795 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Bancorp by 3.6% in the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank’s stock valued at $51,783,000 after acquiring an additional 33,943 shares during the last quarter. Nantahala Capital Management LLC lifted its stake in shares of Bancorp by 65.7% in the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank’s stock valued at $51,286,000 after acquiring an additional 386,295 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Bancorp by 7.9% in the 4th quarter. Deutsche Bank AG now owns 889,550 shares of the bank’s stock valued at $46,817,000 after acquiring an additional 65,179 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Down 1.1%

Shares of NASDAQ:TBBK opened at $62.49 on Monday. The firm has a market cap of $2.92 billion, a P/E ratio of 13.44 and a beta of 1.30. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.14. The Bancorp, Inc. has a 12-month low of $40.51 and a 12-month high of $70.63. The business has a fifty day simple moving average of $58.02 and a 200 day simple moving average of $54.75.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 24th. The bank reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.01. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $94.87 million. Bancorp had a return on equity of 27.24% and a net margin of 32.85%. Analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Insider Buying and Selling at Bancorp

In related news, CEO Damian Kozlowski sold 141,213 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $64.84, for a total transaction of $9,156,250.92. Following the completion of the transaction, the chief executive officer directly owned 816,443 shares of the company’s stock, valued at $52,938,164.12. This trade represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Cohn purchased 1,350 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of $64.80 per share, with a total value of $87,480.00. Following the completion of the acquisition, the director owned 1,350 shares in the company, valued at approximately $87,480. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,912 shares of company stock valued at $122,856 and have sold 300,000 shares valued at $19,260,310. 5.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TBBK has been the subject of a number of research reports. Wall Street Zen cut Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price target on shares of Bancorp in a research note on Friday, July 18th. Jefferies Financial Group upgraded Bancorp to a “buy” rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $65.00 price target on shares of Bancorp in a research note on Friday, July 11th. Finally, Barclays reiterated a “buy” rating on shares of Bancorp in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $62.00.

About Bancorp

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.