Quantbot Technologies LP Increases Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Quantbot Technologies LP lifted its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 139.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,510 shares of the bank’s stock after purchasing an additional 21,850 shares during the quarter. Quantbot Technologies LP’s holdings in Bancorp were worth $1,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in Bancorp by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 30,551 shares of the bank’s stock valued at $1,634,000 after acquiring an additional 673 shares during the period. Pathstone Holdings LLC boosted its holdings in Bancorp by 53.5% during the 3rd quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock valued at $1,719,000 after acquiring an additional 11,197 shares during the period. Advisors Asset Management Inc. boosted its holdings in Bancorp by 114.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after acquiring an additional 741 shares during the period. Intech Investment Management LLC boosted its holdings in Bancorp by 136.6% during the 3rd quarter. Intech Investment Management LLC now owns 21,191 shares of the bank’s stock valued at $1,134,000 after acquiring an additional 12,233 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Bancorp by 8.0% during the 3rd quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock valued at $1,386,000 after acquiring an additional 1,913 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Shares of TBBK stock opened at $54.93 on Monday. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $65.84. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.77 and a beta of 1.59. The stock has a fifty day simple moving average of $56.16 and a two-hundred day simple moving average of $54.63. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last issued its 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%. On average, analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on TBBK. Raymond James restated 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 boosted their price objective on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Piper Sandler upped their target price on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd.

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.