Bancorp Inc (NASDAQ:TBBK) Shares Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its position in Bancorp Inc (NASDAQ:TBBK) by 25.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,743 shares of the bank’s stock after purchasing an additional 12,649 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.11% of Bancorp worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TBBK. Anderson Hoagland & Co. raised its holdings in shares of Bancorp by 20.8% in the 2nd quarter. Anderson Hoagland & Co. now owns 121,843 shares of the bank’s stock valued at $1,084,000 after purchasing an additional 20,938 shares in the last quarter. Bailard Inc. raised its stake in Bancorp by 7.2% during the 2nd quarter. Bailard Inc. now owns 19,300 shares of the bank’s stock worth $172,000 after acquiring an additional 1,300 shares in the last quarter. Capital Investment Counsel Inc raised its stake in Bancorp by 23.8% during the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock worth $110,000 after acquiring an additional 2,381 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Bancorp by 24.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock worth $139,000 after acquiring an additional 3,080 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Bancorp during the 2nd quarter worth $965,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

NASDAQ:TBBK traded up $0.09 during midday trading on Friday, hitting $10.20. 525 shares of the company were exchanged, compared to its average volume of 146,076. The company has a fifty day simple moving average of $9.73 and a 200 day simple moving average of $9.37. Bancorp Inc has a fifty-two week low of $7.64 and a fifty-two week high of $10.87. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $563.49 million, a PE ratio of 14.81 and a beta of 1.26.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Bancorp had a net margin of 30.27% and a return on equity of 11.42%. The firm had revenue of $54.29 million for the quarter, compared to analyst estimates of $52.99 million. As a group, equities research analysts expect that Bancorp Inc will post 0.95 EPS for the current year.

TBBK has been the topic of several research analyst reports. ValuEngine lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, September 7th. Finally, BidaskClub upgraded shares of Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th.

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, 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.

Read More: Different Options Trading Strategies

Want to see what other hedge funds are holding TBBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancorp Inc (NASDAQ:TBBK).

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.