Loomis Sayles & Co. L P Has $37.68 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Loomis Sayles & Co. L P lifted its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 33.7% during the 4th quarter, Holdings Channel reports. The fund owned 715,952 shares of the bank’s stock after acquiring an additional 180,586 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Bancorp were worth $37,681,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after purchasing an additional 489 shares during the last quarter. R Squared Ltd bought a new position in shares of Bancorp in the fourth quarter valued at about $45,000. Point72 DIFC Ltd acquired a new position in Bancorp during the 3rd quarter worth about $54,000. Advisors Asset Management Inc. grew its holdings in 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 acquiring an additional 741 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in Bancorp in the 3rd quarter valued at about $77,000. 96.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Raymond James reiterated an “outperform” rating and issued a $67.00 price objective (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Piper Sandler raised their price target on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, December 23rd.

Bancorp Price Performance

TBBK opened at $53.59 on Friday. The company has a fifty day moving average price of $56.27 and a two-hundred day moving average price of $54.72. The firm has a market capitalization of $2.58 billion, a PE ratio of 12.46 and a beta of 1.59. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $65.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. As a group, analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

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.