Axa S.A. Trims Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Axa S.A. decreased its position in The Bancorp, Inc. (NASDAQ:TBBK) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,798 shares of the bank’s stock after selling 584 shares during the period. Axa S.A.’s holdings in Bancorp were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TBBK. FMR LLC increased its stake in Bancorp by 2.0% during the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank’s stock worth $226,662,000 after acquiring an additional 85,908 shares during the last quarter. American Century Companies Inc. boosted its stake in Bancorp by 35.9% during the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock worth $125,971,000 after buying an additional 631,744 shares during the period. Invesco Ltd. increased its position in shares of Bancorp by 26.2% during the fourth quarter. Invesco Ltd. now owns 2,246,836 shares of the bank’s stock valued at $118,251,000 after acquiring an additional 466,795 shares during the last quarter. Nantahala Capital Management LLC raised its stake in shares of Bancorp by 65.7% in the 4th 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. Finally, Franklin Resources Inc. lifted its holdings in shares of Bancorp by 2.9% in the 4th quarter. Franklin Resources Inc. now owns 952,277 shares of the bank’s stock worth $50,118,000 after acquiring an additional 26,907 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TBBK. Raymond James restated an “outperform” rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods dropped their target price on Bancorp from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Finally, StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, April 28th.

Bancorp Trading Down 1.4 %

NASDAQ:TBBK opened at $51.44 on Friday. The Bancorp, Inc. has a 12-month low of $31.34 and a 12-month high of $65.84. The firm has a market cap of $2.47 billion, a PE ratio of 11.96 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 stock has a fifty day moving average price of $49.54 and a 200 day moving average price of $53.54.

Bancorp (NASDAQ:TBBK) last announced 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). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The company 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 earnings per share for the current fiscal 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.