The Bancorp, Inc. (NASDAQ:TBBK) Position Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 114.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,389 shares of the bank’s stock after acquiring an additional 741 shares during the period. Advisors Asset Management Inc.’s holdings in Bancorp were worth $74,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in Bancorp by 72.3% during the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after purchasing an additional 263 shares during the period. GAMMA Investing LLC grew its holdings in Bancorp by 60.5% in the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock worth $29,000 after buying an additional 291 shares in the last quarter. US Bancorp DE bought a new position in Bancorp in the 3rd quarter worth approximately $83,000. EverSource Wealth Advisors LLC increased its position in Bancorp by 345.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank’s stock valued at $55,000 after acquiring an additional 1,272 shares during the period. Finally, Summit Asset Management LLC bought a new stake in Bancorp during the 3rd quarter valued at $281,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, November 25th.

Insider Activity at Bancorp

In other news, CMO Maria Wainwright sold 11,357 shares of Bancorp stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total value of $568,758.56. Following the transaction, the chief marketing officer now owns 23,291 shares of the company’s stock, valued at $1,166,413.28. The trade was a 32.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total transaction of $267,997.98. Following the sale, the executive vice president now directly owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. This represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,983 shares of company stock valued at $1,345,366 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Bancorp Trading Down 1.0 %

Shares of NASDAQ:TBBK opened at $58.43 on Friday. The company has a 50 day moving average of $54.34 and a 200-day moving average of $46.72. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.80 billion, a P/E ratio of 14.76 and a beta of 1.46. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $61.17.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The firm had revenue of $125.84 million during the quarter, compared to analyst estimates of $131.34 million. During the same quarter last year, the company earned $0.92 earnings per share. As a group, analysts anticipate that The Bancorp, Inc. will post 4.3 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.