Parkside Financial Bank & Trust Has $79,000 Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Parkside Financial Bank & Trust lifted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 39.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,502 shares of the bank’s stock after purchasing an additional 424 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Bancorp were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Bancorp by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock worth $34,000 after purchasing an additional 263 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Bancorp during the 4th quarter worth approximately $45,000. Point72 DIFC Ltd acquired a new stake in shares of Bancorp during the 3rd quarter worth approximately $54,000. Advisors Asset Management Inc. grew its holdings in shares of Bancorp by 114.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after purchasing an additional 741 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Bancorp during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Trading Up 0.9 %

Shares of TBBK opened at $55.82 on Monday. The stock has a fifty day moving average price of $56.33 and a two-hundred day moving average price of $54.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 12.98 and a beta of 1.49.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TBBK. Raymond James reissued an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Piper Sandler boosted their price target on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Finally, Keefe, Bruyette & Woods boosted their price target on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

About Bancorp

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.