The Bancorp, Inc. $TBBK Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,681,020 shares of the bank’s stock after selling 34,533 shares during the period. American Century Companies Inc. owned 5.82% of Bancorp worth $200,782,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TBBK. Rothschild Investment LLC grew its position in shares of Bancorp by 213.6% during the 3rd quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after buying an additional 235 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Bancorp by 78.6% in the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock worth $30,000 after acquiring an additional 176 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Bancorp in the second quarter valued at approximately $53,000. Covestor Ltd grew its holdings in shares of Bancorp by 3,525.0% during the third quarter. Covestor Ltd now owns 1,015 shares of the bank’s stock valued at $76,000 after purchasing an additional 987 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Bancorp by 19.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,588 shares of the bank’s stock worth $119,000 after purchasing an additional 261 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Insider Transactions at Bancorp

In related news, Director Mark E. Tryniski acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was acquired at an average cost of $60.23 per share, for a total transaction of $301,150.00. Following the completion of the acquisition, the director directly owned 18,966 shares of the company’s stock, valued at approximately $1,142,322.18. The trade was a 35.80% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Cohn bought 680 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average price of $62.14 per share, with a total value of $42,255.20. Following the completion of the transaction, the director directly owned 3,655 shares of the company’s stock, valued at $227,121.70. This trade represents a 22.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 9,080 shares of company stock valued at $548,933. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TBBK shares. Bank of America set a $60.00 price objective on Bancorp in a research report on Wednesday, January 21st. Wolfe Research set a $57.00 target price on Bancorp in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Bancorp in a research report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating on shares of Bancorp in a report on Monday, February 9th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of Bancorp in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $58.20.

Bancorp Price Performance

Shares of TBBK opened at $52.49 on Friday. The Bancorp, Inc. has a one year low of $40.51 and a one year high of $81.65. The stock’s fifty day moving average is $64.68 and its 200-day moving average is $68.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 10.67 and a beta of 1.31.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, January 29th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.18). The company had revenue of $132.21 million during the quarter, compared to the consensus estimate of $101.10 million. Bancorp had a net margin of 26.15% and a return on equity of 28.91%. Equities analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current year.

Bancorp Company 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.