Oregon Public Employees Retirement Fund Trims Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Oregon Public Employees Retirement Fund decreased its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,312 shares of the bank’s stock after selling 200 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Bancorp were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TBBK. Blue Trust Inc. increased its stake in Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock worth $34,000 after purchasing an additional 263 shares during the period. Raymond James & Associates increased its stake in Bancorp by 55.9% in the third quarter. Raymond James & Associates now owns 50,276 shares of the bank’s stock worth $2,690,000 after purchasing an additional 18,027 shares during the period. US Bancorp DE purchased a new stake in Bancorp in the third quarter worth $83,000. HMS Capital Management LLC purchased a new stake in Bancorp in the third quarter worth $418,000. Finally, Sheets Smith Wealth Management purchased a new stake in Bancorp in the third quarter worth $376,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Shares of TBBK stock opened at $55.82 on Monday. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $65.84. The stock’s 50-day moving average is $56.33 and its 200 day moving average is $54.34. The company has a market cap of $2.68 billion, a P/E ratio of 12.98 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.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Research analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Raymond James restated an “outperform” rating and set a $67.00 price target (up previously from $60.00) on shares of Bancorp 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, Piper Sandler raised their price objective on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

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.