The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,208 shares of the bank’s stock after selling 2,248 shares during the quarter. First Trust Advisors LP owned about 0.35% of Bancorp worth $8,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Bancorp by 2.0% during the fourth quarter. FMR LLC now owns 4,306,715 shares of the bank’s stock worth $226,662,000 after purchasing an additional 85,908 shares during the period. American Century Companies Inc. increased its stake in Bancorp by 35.9% in the 4th quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock valued at $125,971,000 after buying an additional 631,744 shares during the period. Invesco Ltd. increased its stake in Bancorp by 26.2% in the 4th quarter. Invesco Ltd. now owns 2,246,836 shares of the bank’s stock valued at $118,251,000 after buying an additional 466,795 shares during the period. Franklin Resources Inc. increased its stake in Bancorp by 2.9% in the 4th quarter. Franklin Resources Inc. now owns 952,277 shares of the bank’s stock valued at $50,118,000 after buying an additional 26,907 shares during the period. Finally, Loomis Sayles & Co. L P increased its stake in Bancorp by 33.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 715,952 shares of the bank’s stock valued at $37,681,000 after buying an additional 180,586 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TBBK. Raymond James reissued an “outperform” rating and issued a $67.00 price objective (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Monday.

Bancorp Stock Performance

NASDAQ:TBBK opened at $47.71 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $65.84. The stock has a market cap of $2.29 billion, a PE ratio of 11.10 and a beta of 1.26. The firm’s fifty day simple moving average is $50.40 and its 200-day simple moving average is $53.90.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $108.88 million. Analysts expect that The Bancorp, Inc. will post 5.31 earnings per share 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.