The Bancorp, Inc. (NASDAQ:TBBK) Stock Holdings Lessened by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. reduced its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 17,820 shares of the bank’s stock after selling 330 shares during the quarter. Legend Financial Advisors Inc.’s holdings in Bancorp were worth $596,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quest Partners LLC acquired a new stake in shares of Bancorp in the 4th quarter worth about $115,000. Summit Asset Management LLC acquired a new position in Bancorp during the 4th quarter valued at about $202,000. SG Americas Securities LLC acquired a new position in Bancorp during the 4th quarter valued at about $224,000. Dark Forest Capital Management LP acquired a new position in Bancorp during the 3rd quarter valued at about $225,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Bancorp by 33.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,696 shares of the bank’s stock valued at $374,000 after buying an additional 2,442 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Bancorp Price Performance

Shares of NASDAQ:TBBK traded up $1.27 during trading hours on Friday, hitting $37.76. 951,160 shares of the company’s stock traded hands, compared to its average volume of 498,321. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $47.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The company’s fifty day simple moving average is $33.25 and its two-hundred day simple moving average is $36.74. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 10.26 and a beta of 1.42.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Friday, April 26th. The bank reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $123.80 million during the quarter, compared to analysts’ expectations of $126.86 million. Bancorp had a net margin of 31.40% and a return on equity of 26.32%. During the same period last year, the company posted $0.88 earnings per share. As a group, equities analysts anticipate that The Bancorp, Inc. will post 4.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on TBBK. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Keefe, Bruyette & Woods reduced their price objective on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, April 5th.

Insider Transactions at Bancorp

In other news, Director Cheryl Creuzot sold 766 shares of Bancorp stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $32.64, for a total value of $25,002.24. Following the transaction, the director now directly owns 7,638 shares of the company’s stock, valued at $249,304.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Cheryl Creuzot sold 766 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $32.64, for a total transaction of $25,002.24. Following the transaction, the director now directly owns 7,638 shares of the company’s stock, valued at $249,304.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hersh Kozlov acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average cost of $32.53 per share, for a total transaction of $32,530.00. Following the completion of the transaction, the director now directly owns 111,264 shares of the company’s stock, valued at approximately $3,619,417.92. The disclosure for this purchase can be found here. Insiders have bought a total of 1,706 shares of company stock valued at $54,962 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Bancorp Company Profile

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.