Emerald Mutual Fund Advisers Trust Sells 9,631 Shares of The Bancorp, Inc. $TBBK

Emerald Mutual Fund Advisers Trust cut its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,098 shares of the bank’s stock after selling 9,631 shares during the quarter. Bancorp comprises about 1.4% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 18th largest position. Emerald Mutual Fund Advisers Trust owned 0.78% of Bancorp worth $26,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TBBK. Royal Bank of Canada grew its holdings in Bancorp by 98.2% during the 1st quarter. Royal Bank of Canada now owns 76,696 shares of the bank’s stock worth $4,052,000 after acquiring an additional 37,993 shares during the period. AQR Capital Management LLC grew its stake in Bancorp by 15.9% during the first quarter. AQR Capital Management LLC now owns 16,734 shares of the bank’s stock worth $884,000 after purchasing an additional 2,296 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bancorp by 1.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,183 shares of the bank’s stock worth $1,436,000 after purchasing an additional 518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Bancorp by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank’s stock valued at $7,795,000 after buying an additional 8,454 shares during the period. Finally, Jane Street Group LLC lifted its stake in Bancorp by 145.8% in the first quarter. Jane Street Group LLC now owns 128,173 shares of the bank’s stock valued at $6,773,000 after buying an additional 76,027 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Performance

TBBK opened at $71.29 on Friday. The Bancorp, Inc. has a 1-year low of $40.51 and a 1-year high of $81.65. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 14.88 and a beta of 1.27. The company’s fifty day moving average price is $67.14 and its two-hundred day moving average price is $69.60. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.29.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, October 30th. The bank reported $1.18 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.16). Bancorp had a return on equity of 27.97% and a net margin of 26.15%.The business had revenue of $134.82 million for the quarter, compared to the consensus estimate of $99.60 million. Bancorp has set its FY 2025 guidance at 5.100-5.100 EPS. On average, analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Dominic C. Canuso acquired 1,800 shares of the stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of $61.24 per share, with a total value of $110,232.00. Following the completion of the purchase, the chief financial officer directly owned 3,500 shares in the company, valued at $214,340. This trade represents a 105.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $57.00 price objective on shares of Bancorp in a research note on Wednesday. William Blair set a $60.00 price target on shares of Bancorp in a research note on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bancorp in a report on Monday, December 29th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Bancorp in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $60.20.

Bancorp Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.