Numerai GP LLC Has $372,000 Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Numerai GP LLC cut its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 55.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,066 shares of the bank’s stock after selling 8,961 shares during the quarter. Numerai GP LLC’s holdings in Bancorp were worth $372,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TBBK. Napa Wealth Management boosted its holdings in shares of Bancorp by 3.8% during the 4th quarter. Napa Wealth Management now owns 6,940 shares of the bank’s stock worth $365,000 after buying an additional 255 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Bancorp by 3.6% during the 4th quarter. Janus Henderson Group PLC now owns 983,898 shares of the bank’s stock valued at $51,783,000 after acquiring an additional 33,943 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Bancorp during the 4th quarter valued at $1,053,000. Ethic Inc. bought a new position in Bancorp during the fourth quarter worth $209,000. Finally, Deutsche Bank AG grew its holdings in Bancorp by 7.9% in the fourth quarter. Deutsche Bank AG now owns 889,550 shares of the bank’s stock worth $46,817,000 after purchasing an additional 65,179 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Price Performance

Shares of NASDAQ TBBK opened at $54.34 on Friday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 12.64 and a beta of 1.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The Bancorp, Inc. has a fifty-two week low of $31.34 and a fifty-two week high of $65.84. The firm’s 50-day simple moving average is $49.82 and its 200 day simple moving average is $53.61.

Bancorp (NASDAQ:TBBK) last issued 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 return on equity of 27.33% and a net margin of 30.97%. The company had revenue of $175.39 million during the quarter, compared to analysts’ expectations of $108.88 million. As a group, research analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TBBK shares. Raymond James reiterated an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Keefe, Bruyette & Woods cut their price target on Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday.

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.