The Bancorp, Inc. (NASDAQ:TBBK) Holdings Reduced by Orchard Capital Management LLC

Orchard Capital Management LLC decreased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 414,301 shares of the bank’s stock after selling 4,859 shares during the quarter. Bancorp comprises 4.7% of Orchard Capital Management LLC’s holdings, making the stock its 4th largest position. Orchard Capital Management LLC owned 0.79% of Bancorp worth $15,644,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. raised its position in Bancorp by 71.1% in the first quarter. Jupiter Asset Management Ltd. now owns 396,600 shares of the bank’s stock valued at $13,270,000 after purchasing an additional 164,855 shares during the period. Jane Street Group LLC raised its position in Bancorp by 129.0% in the first quarter. Jane Street Group LLC now owns 124,915 shares of the bank’s stock valued at $4,180,000 after purchasing an additional 70,361 shares during the period. American Century Companies Inc. raised its position in Bancorp by 4.6% in the second quarter. American Century Companies Inc. now owns 1,603,423 shares of the bank’s stock valued at $60,545,000 after purchasing an additional 70,178 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in Bancorp in the second quarter valued at $1,322,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Bancorp in the fourth quarter valued at $1,304,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TBBK. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $55.00 target price (up previously from $46.00) on shares of Bancorp in a research report on Monday, July 29th. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler lifted their price objective on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, July 29th.

Bancorp Trading Up 3.3 %

TBBK opened at $54.21 on Friday. The Bancorp, Inc. has a 12 month low of $29.92 and a 12 month high of $54.97. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.88 and a quick ratio of 0.84. The business has a fifty day moving average price of $49.27 and a 200 day moving average price of $39.38.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.03). Bancorp had a return on equity of 26.81% and a net margin of 31.52%. The company had revenue of $124.52 million for the quarter, compared to analyst estimates of $127.45 million. Sell-side analysts expect that The Bancorp, Inc. will post 4.42 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.