Inceptionr LLC Boosts Holdings in The Bancorp, Inc. $TBBK

Inceptionr LLC raised its position in The Bancorp, Inc. (NASDAQ:TBBK) by 204.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,201 shares of the bank’s stock after acquiring an additional 8,187 shares during the period. Inceptionr LLC’s holdings in Bancorp were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in TBBK. Hilton Head Capital Partners LLC purchased a new stake in shares of Bancorp during the 4th quarter valued at $27,000. Lazard Asset Management LLC purchased a new position in Bancorp during the 2nd quarter worth $53,000. Northwestern Mutual Wealth Management Co. increased its position in Bancorp by 732.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after buying an additional 659 shares in the last quarter. IFP Advisors Inc purchased a new stake in Bancorp in the third quarter valued at about $66,000. Finally, Kestra Advisory Services LLC acquired a new stake in Bancorp in the fourth quarter worth about $68,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bancorp

In related news, CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.24, for a total value of $506,016.00. Following the completion of the transaction, the chief marketing officer directly owned 24,942 shares in the company, valued at $1,502,506.08. The trade was a 25.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Erika R. Caesar sold 4,470 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total transaction of $269,451.60. Following the sale, the executive vice president directly owned 32,880 shares in the company, valued at $1,982,006.40. This trade represents a 11.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.00% of the stock is owned by corporate insiders.

Bancorp Trading Up 1.9%

Shares of Bancorp stock opened at $66.98 on Friday. The stock has a market cap of $2.79 billion, a PE ratio of 13.03 and a beta of 1.19. The firm has a fifty day moving average price of $59.86 and a 200 day moving average price of $59.47. The Bancorp, Inc. has a 1 year low of $50.20 and a 1 year high of $81.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TBBK shares. Wall Street Zen upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods upgraded Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $72.00 to $77.00 in a research note on Thursday, July 9th. Bank of America reaffirmed a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $63.40.

Bancorp Company Profile

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.