Rafferty Asset Management LLC Has $6.53 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Rafferty Asset Management LLC lowered its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,018 shares of the bank’s stock after selling 1,714 shares during the quarter. Rafferty Asset Management LLC owned about 0.26% of Bancorp worth $6,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC boosted its stake in Bancorp by 2.0% in the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank’s stock worth $226,662,000 after purchasing an additional 85,908 shares in the last quarter. American Century Companies Inc. boosted its stake in Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock worth $125,971,000 after purchasing an additional 631,744 shares in the last quarter. Invesco Ltd. boosted its stake in Bancorp by 26.2% in the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank’s stock worth $118,251,000 after purchasing an additional 466,795 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Bancorp by 3.6% in the fourth quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank’s stock worth $51,783,000 after purchasing an additional 33,943 shares in the last quarter. Finally, Nantahala Capital Management LLC lifted its stake in shares of Bancorp by 65.7% during the fourth quarter. Nantahala Capital Management LLC now owns 974,455 shares of the bank’s stock valued at $51,286,000 after acquiring an additional 386,295 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TBBK shares. Keefe, Bruyette & Woods cut their price target on Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Raymond James reaffirmed an “outperform” rating and set a $67.00 price target (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Finally, StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th.

Bancorp Trading Down 0.8%

NASDAQ TBBK opened at $53.93 on Friday. The stock has a 50-day simple moving average of $49.91 and a 200 day simple moving average of $53.67. The company has a market capitalization of $2.52 billion, a PE ratio of 12.54 and a beta of 1.31. 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 Bancorp, Inc. has a 12 month low of $31.34 and a 12 month high of $65.84.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). The company had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Research analysts forecast that The Bancorp, Inc. will post 5.31 EPS 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.