Nantahala Capital Management LLC Purchases 386,295 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Nantahala Capital Management LLC lifted its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 65.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 974,455 shares of the bank’s stock after purchasing an additional 386,295 shares during the quarter. Bancorp comprises approximately 2.2% of Nantahala Capital Management LLC’s holdings, making the stock its 5th biggest position. Nantahala Capital Management LLC’s holdings in Bancorp were worth $51,286,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after buying an additional 489 shares during the last quarter. R Squared Ltd bought a new position in Bancorp during the 4th quarter worth $45,000. Parkside Financial Bank & Trust lifted its holdings 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 buying an additional 424 shares in the last quarter. KBC Group NV boosted its position in shares of Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank’s stock valued at $112,000 after acquiring an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Bancorp in the 4th quarter valued at about $139,000. Institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Raymond James reissued an “outperform” rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Bancorp Stock Down 3.4 %

Shares of NASDAQ:TBBK opened at $47.99 on Monday. The business has a fifty day simple moving average of $50.65 and a 200 day simple moving average of $53.95. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The firm has a market cap of $2.30 billion, a P/E ratio of 11.16 and a beta of 1.26. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last posted 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 firm 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%. Analysts predict that The Bancorp, Inc. will post 5.31 earnings per share 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.