The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,547 shares of the bank’s stock after selling 2,256 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Bancorp were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stifel Financial Corp acquired a new position in shares of Bancorp during the 3rd quarter worth approximately $729,000. National Bank of Canada FI purchased a new position in Bancorp during the third quarter worth $77,000. Barclays PLC raised its holdings in shares of Bancorp by 34.1% in the third quarter. Barclays PLC now owns 140,844 shares of the bank’s stock worth $7,536,000 after acquiring an additional 35,777 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bancorp by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,362,668 shares of the bank’s stock valued at $72,914,000 after acquiring an additional 6,459 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Bancorp in the third quarter valued at $300,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Analysts Set New Price Targets

TBBK has been the subject of several analyst reports. Piper Sandler boosted their target price on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Raymond James reissued an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods increased their price target on Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd.

Bancorp Trading Down 8.6 %

Shares of TBBK opened at $42.96 on Friday. The stock’s fifty day simple moving average is $54.03 and its 200 day simple moving average is $54.43. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve 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. The firm has a market capitalization of $2.06 billion, a P/E ratio of 9.99 and a beta of 1.26.

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

Bancorp 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.