D. E. Shaw & Co. Inc. Sells 233,692 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

D. E. Shaw & Co. Inc. trimmed its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 329,963 shares of the bank’s stock after selling 233,692 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Bancorp were worth $17,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TBBK. American Century Companies Inc. boosted its holdings in shares of Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock valued at $125,971,000 after purchasing an additional 631,744 shares during the period. Invesco Ltd. raised its position in Bancorp by 26.2% during the 4th quarter. Invesco Ltd. now owns 2,246,836 shares of the bank’s stock valued at $118,251,000 after purchasing an additional 466,795 shares in the last quarter. Nantahala Capital Management LLC raised its position in Bancorp by 65.7% during the 4th quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank’s stock valued at $51,286,000 after purchasing an additional 386,295 shares in the last quarter. Emerald Advisers LLC purchased a new stake in shares of Bancorp in the 4th quarter worth $17,692,000. Finally, Balyasny Asset Management L.P. grew its position in shares of Bancorp by 599.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 368,416 shares of the bank’s stock worth $19,390,000 after buying an additional 315,772 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Bancorp Trading Up 5.2%

Shares of Bancorp stock opened at $54.09 on Tuesday. The firm’s 50 day simple moving average is $49.60 and its two-hundred day simple moving average is $53.57. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 12.58 and a beta of 1.31. The Bancorp, Inc. has a 12-month low of $31.34 and a 12-month high of $65.84. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Bancorp had a net margin of 30.97% and a return on equity of 27.33%. The company had revenue of $175.39 million for the quarter, compared to analysts’ expectations of $108.88 million. Analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TBBK. Keefe, Bruyette & Woods decreased their price objective on Bancorp from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Raymond James reaffirmed an “outperform” rating and issued a $67.00 price target (up previously from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Finally, StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a report on Monday, April 28th.

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.