172,725 Shares in Bancorp Inc (TBBK) Acquired by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC acquired a new stake in Bancorp Inc (NASDAQ:TBBK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 172,725 shares of the bank’s stock, valued at approximately $1,807,000. Bowling Portfolio Management LLC owned approximately 0.31% of Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Bancorp by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 467,076 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 4,969 shares in the last quarter. Swiss National Bank raised its holdings in shares of Bancorp by 6.8% during the 1st quarter. Swiss National Bank now owns 97,300 shares of the bank’s stock valued at $1,051,000 after buying an additional 6,200 shares during the period. Northern Trust Corp raised its holdings in shares of Bancorp by 1.2% during the 1st quarter. Northern Trust Corp now owns 573,741 shares of the bank’s stock valued at $6,196,000 after buying an additional 6,687 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Bancorp by 9.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 103,477 shares of the bank’s stock valued at $1,118,000 after buying an additional 8,801 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Bancorp during the 1st quarter valued at about $115,000. 79.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ TBBK opened at $9.96 on Wednesday. Bancorp Inc has a twelve month low of $7.34 and a twelve month high of $12.00. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $565.03 million, a PE ratio of 19.53 and a beta of 1.13.



Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, July 26th. The bank reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). Bancorp had a net margin of 6.61% and a return on equity of 9.81%. The firm had revenue of $46.57 million during the quarter, compared to the consensus estimate of $47.51 million. equities analysts forecast that Bancorp Inc will post 0.73 EPS for the current year.

In related news, Director Daniel G. Cohen sold 140,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $9.83, for a total transaction of $1,376,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.10% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. BidaskClub downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Finally, TheStreet upgraded Bancorp from a “c+” rating to a “b” rating in a report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. Bancorp has an average rating of “Hold” and an average price target of $11.25.

Bancorp Company Profile

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and debit cards.

Read More: Average Daily Trade Volume – ADTV

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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