Chicago Equity Partners LLC raised its holdings in shares of Bancorp Inc (NASDAQ:TBBK) by 24.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,410 shares of the bank’s stock after buying an additional 11,480 shares during the quarter. Chicago Equity Partners LLC owned about 0.10% of Bancorp worth $588,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of TBBK. Anderson Hoagland & Co. grew its position in Bancorp by 20.8% during the second quarter. Anderson Hoagland & Co. now owns 121,843 shares of the bank’s stock worth $1,084,000 after buying an additional 20,938 shares in the last quarter. Bailard Inc. grew its position in Bancorp by 7.2% during the second quarter. Bailard Inc. now owns 19,300 shares of the bank’s stock worth $172,000 after buying an additional 1,300 shares in the last quarter. Capital Investment Counsel Inc grew its position in Bancorp by 23.8% during the second quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock worth $110,000 after buying an additional 2,381 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Bancorp by 24.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock worth $139,000 after buying an additional 3,080 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Bancorp during the second quarter worth about $965,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
In other news, EVP Ron J. Wechsler sold 2,539 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $10.95, for a total value of $27,802.05. Also, EVP Ron J. Wechsler sold 22,461 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $11.25, for a total value of $252,686.25. Insiders sold a total of 79,686 shares of company stock valued at $867,269 over the last quarter. Company insiders own 11.80% of the company’s stock.
TBBK opened at $10.68 on Friday. The stock has a 50-day moving average price of $10.57 and a 200-day moving average price of $9.72. Bancorp Inc has a 12-month low of $7.64 and a 12-month high of $11.76. The company has a current ratio of 0.72, a quick ratio of 0.61 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $632.84 million, a P/E ratio of 15.48 and a beta of 1.26.
Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. The firm had revenue of $71.08 million during the quarter, compared to analysts’ expectations of $63.76 million. On average, equities research analysts predict that Bancorp Inc will post 1.09 EPS for the current year.
Several research firms recently commented on TBBK. ValuEngine cut Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Zacks Investment Research upgraded Bancorp from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Saturday, November 2nd. Finally, BidaskClub cut Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.
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.
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