The Bancorp, Inc. $TBBK Shares Sold by James Investment Research Inc.

James Investment Research Inc. trimmed its position in The Bancorp, Inc. (NASDAQ:TBBK) by 15.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,552 shares of the bank’s stock after selling 12,476 shares during the quarter. James Investment Research Inc. owned approximately 0.16% of Bancorp worth $3,630,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC acquired a new position in shares of Bancorp in the 3rd quarter valued at $13,422,000. Kennedy Capital Management LLC raised its stake in Bancorp by 57.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 281,256 shares of the bank’s stock worth $21,063,000 after acquiring an additional 102,534 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in Bancorp during the 3rd quarter worth $3,529,000. Hennessy Advisors Inc. lifted its position in Bancorp by 33.3% in the fourth quarter. Hennessy Advisors Inc. now owns 40,000 shares of the bank’s stock valued at $2,701,000 after acquiring an additional 10,000 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in Bancorp in the fourth quarter valued at $7,427,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Price Performance

Bancorp stock opened at $64.54 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88. The business has a 50 day simple moving average of $57.02 and a 200-day simple moving average of $59.72. The Bancorp, Inc. has a 12 month low of $50.20 and a 12 month high of $81.65. The stock has a market capitalization of $2.69 billion, a PE ratio of 12.56 and a beta of 1.19.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $132.50 million for the quarter, compared to analysts’ expectations of $189.17 million. Bancorp had a net margin of 26.92% and a return on equity of 30.56%. Equities analysts predict that The Bancorp, Inc. will post 5.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TBBK shares. Wall Street Zen upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded shares of Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler initiated coverage on shares of Bancorp in a research note on Thursday, March 12th. They set an “overweight” rating and a $66.00 price target for the company. Finally, Weiss Ratings upgraded shares of Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Insider Activity

In other Bancorp news, EVP Erika R. Caesar sold 4,470 shares of Bancorp stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total value of $269,451.60. Following the sale, the executive vice president owned 32,880 shares of the company’s stock, valued at approximately $1,982,006.40. The trade was a 11.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the transaction, the chief marketing officer owned 24,942 shares in the company, valued at $1,502,506.08. The trade was a 25.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.00% of the stock is owned by insiders.

About Bancorp

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.