Bancorp Inc (NASDAQ:TBBK) Shares Bought by Comerica Bank

Comerica Bank increased its stake in Bancorp Inc (NASDAQ:TBBK) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,455 shares of the bank’s stock after acquiring an additional 1,100 shares during the period. Comerica Bank’s holdings in Bancorp were worth $124,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in Bancorp in the 4th quarter worth about $182,000. Rhumbline Advisers raised its position in Bancorp by 43.1% in the 4th quarter. Rhumbline Advisers now owns 70,960 shares of the bank’s stock worth $565,000 after purchasing an additional 21,383 shares during the period. Dupont Capital Management Corp purchased a new stake in Bancorp in the 4th quarter worth about $348,000. Hartford Investment Management Co. purchased a new position in shares of Bancorp during the fourth quarter worth approximately $269,000. Finally, Virginia Retirement Systems ET AL increased its position in shares of Bancorp by 21.8% during the fourth quarter. Virginia Retirement Systems ET AL now owns 43,000 shares of the bank’s stock worth $342,000 after acquiring an additional 7,700 shares during the period. 79.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of TBBK opened at $8.92 on Thursday. The company has a market capitalization of $505.95 million, a price-to-earnings ratio of 12.93 and a beta of 1.34. Bancorp Inc has a twelve month low of $7.64 and a twelve month high of $11.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.70 and a quick ratio of 0.56.



Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Bancorp had a net margin of 29.70% and a return on equity of 10.97%. The business had revenue of $64.38 million during the quarter, compared to the consensus estimate of $60.19 million. On average, equities analysts predict that Bancorp Inc will post 0.95 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on TBBK shares. BidaskClub lowered shares of Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, February 13th. ValuEngine lowered shares of Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Zacks Investment Research raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, TheStreet lowered shares of Bancorp from a “b-” rating to a “c” rating in a research report on Monday, April 8th.

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Bancorp 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, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

Further Reading: How is diluted EPS different from basic EPS?

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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