Yorktown Management & Research Co Inc Buys Shares of 4,300 The Bancorp, Inc. (NASDAQ:TBBK)

Yorktown Management & Research Co Inc bought a new stake in The Bancorp, Inc. (NASDAQ:TBBK) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,300 shares of the bank’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TBBK. Smartleaf Asset Management LLC grew its stake in shares of Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after acquiring an additional 489 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Bancorp by 45.2% during the first quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock worth $77,000 after acquiring an additional 456 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after acquiring an additional 424 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Bancorp during the fourth quarter worth about $139,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Bancorp by 12.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank’s stock worth $199,000 after acquiring an additional 420 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

TBBK has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered Bancorp from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $70.00 to $65.00 in a research note on Thursday, June 12th. Wall Street Zen downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st.

Bancorp Trading Up 4.9%

Bancorp stock opened at $53.57 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.15. The Bancorp, Inc. has a 52 week low of $34.37 and a 52 week high of $65.84. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 12.09 and a beta of 1.24. The stock has a 50-day moving average price of $50.77 and a 200 day moving average price of $52.91.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The firm had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Sell-side analysts anticipate 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.