James Investment Research Inc. Has $3.86 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

James Investment Research Inc. decreased its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,264 shares of the bank’s stock after selling 1,182 shares during the period. James Investment Research Inc. owned 0.15% of Bancorp worth $3,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Bancorp by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after purchasing an additional 263 shares in the last quarter. Arcus Capital Partners LLC raised its stake in shares of Bancorp by 5.0% in the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock worth $347,000 after purchasing an additional 315 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Bancorp by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock valued at $284,000 after acquiring an additional 539 shares during the last quarter. KBC Group NV increased its position in Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after buying an additional 620 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Bancorp by 2.3% in the third quarter. Natixis Advisors LLC now owns 30,551 shares of the bank’s stock worth $1,634,000 after buying an additional 673 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods lifted their price target on Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Finally, Raymond James reiterated an “outperform” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Trading Down 1.7 %

Shares of NASDAQ:TBBK opened at $60.49 on Friday. The company has a market cap of $2.90 billion, a P/E ratio of 14.07 and a beta of 1.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $65.84. The stock’s fifty day moving average price is $55.85 and its 200-day moving average price is $53.67.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Sell-side analysts expect that The Bancorp, Inc. will post 5.31 earnings per share 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.