20,000 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,000 shares of the bank’s stock, valued at approximately $1,053,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TBBK. Barclays PLC boosted its holdings in shares of Bancorp by 34.1% in the 3rd quarter. Barclays PLC now owns 140,844 shares of the bank’s stock worth $7,536,000 after purchasing an additional 35,777 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of Bancorp by 42.6% in the 4th quarter. Sheets Smith Wealth Management now owns 10,029 shares of the bank’s stock worth $528,000 after purchasing an additional 2,998 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Bancorp by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock worth $284,000 after purchasing an additional 539 shares in the last quarter. KBC Group NV boosted its holdings in shares of Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after purchasing an additional 620 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Bancorp in the 4th quarter worth about $45,000. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut 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. StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James reissued an “outperform” rating and issued a $67.00 target price (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

Bancorp Trading Down 0.1%

NASDAQ TBBK opened at $54.62 on Thursday. The Bancorp, Inc. has a 1-year low of $31.34 and a 1-year 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 stock has a 50-day moving average of $49.74 and a 200-day moving average of $53.59. The firm has a market cap of $2.62 billion, a PE ratio of 12.70 and a beta of 1.31.

Bancorp (NASDAQ:TBBK) last released its earnings results 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 during the quarter, compared to the consensus estimate of $108.88 million. As a group, sell-side analysts forecast that The Bancorp, Inc. will post 5.31 EPS 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.