Napa Wealth Management Has $365,000 Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Napa Wealth Management grew its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,940 shares of the bank’s stock after acquiring an additional 255 shares during the period. Napa Wealth Management’s holdings in Bancorp were worth $365,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TBBK. Barclays PLC lifted its position in Bancorp by 34.1% during the third quarter. Barclays PLC now owns 140,844 shares of the bank’s stock worth $7,536,000 after acquiring an additional 35,777 shares during the last quarter. Sheets Smith Wealth Management raised its position in shares of Bancorp by 42.6% in the fourth quarter. Sheets Smith Wealth Management now owns 10,029 shares of the bank’s stock valued at $528,000 after buying an additional 2,998 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Bancorp by 11.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock valued at $284,000 after buying an additional 539 shares in the last quarter. KBC Group NV raised 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 buying an additional 620 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Bancorp in the fourth quarter valued at approximately $45,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $67.00 price target (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of 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 upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday.

Bancorp Stock Up 1.1%

Shares of TBBK opened at $54.66 on Wednesday. The Bancorp, Inc. has a one year low of $31.34 and a one year high of $65.84. The company has a market cap of $2.62 billion, a P/E ratio of 12.71 and a beta of 1.31. 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 firm has a 50 day simple moving average of $49.68 and a two-hundred day simple moving average of $53.58.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a net margin of 30.97% and a return on equity of 27.33%. The firm had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. Research analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

About Bancorp

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.