The Bancorp, Inc. $TBBK Shares Bought by Inceptionr LLC

Inceptionr LLC lifted its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 204.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,201 shares of the bank’s stock after buying an additional 8,187 shares during the period. Inceptionr LLC’s holdings in Bancorp were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TBBK. Hennessy Advisors Inc. lifted its stake in Bancorp by 33.3% in the 4th quarter. Hennessy Advisors Inc. now owns 40,000 shares of the bank’s stock valued at $2,701,000 after buying an additional 10,000 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of Bancorp during the fourth quarter valued at approximately $7,427,000. SG Americas Securities LLC raised its holdings in shares of Bancorp by 479.2% during the first quarter. SG Americas Securities LLC now owns 84,465 shares of the bank’s stock valued at $4,538,000 after acquiring an additional 69,881 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Bancorp by 8.3% in the first quarter. Principal Financial Group Inc. now owns 352,786 shares of the bank’s stock valued at $18,955,000 after acquiring an additional 27,058 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of Bancorp by 148.6% during the fourth quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock worth $27,227,000 after purchasing an additional 241,058 shares in the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Bancorp Stock Up 1.9%

TBBK stock opened at $66.98 on Friday. The firm has a market cap of $2.79 billion, a PE ratio of 13.03 and a beta of 1.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.89. The firm’s 50 day moving average price is $59.86 and its 200-day moving average price is $59.47. The Bancorp, Inc. has a one year low of $50.20 and a one year high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.07. Bancorp had a return on equity of 30.56% and a net margin of 26.92%.The company had revenue of $132.50 million during the quarter, compared to analyst estimates of $189.17 million. On average, equities research analysts anticipate that The Bancorp, Inc. will post 5.95 EPS for the current year.

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 8,400 shares of Bancorp stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the completion of the sale, the chief marketing officer directly owned 24,942 shares of the company’s stock, valued at approximately $1,502,506.08. The trade was a 25.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Erika R. Caesar sold 4,470 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total value of $269,451.60. Following the transaction, the executive vice president owned 32,880 shares of the company’s stock, valued at $1,982,006.40. This trade represents a 11.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TBBK. Bank of America reiterated a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. Zacks Research upgraded shares of Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods upgraded Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $72.00 to $77.00 in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.40.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.