Louisiana State Employees Retirement System Sells 500 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Louisiana State Employees Retirement System decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,200 shares of the bank’s stock after selling 500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Bancorp were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in Bancorp by 72.3% in the 3rd 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. R Squared Ltd bought a new stake in shares of Bancorp during the 4th quarter valued at about $45,000. Point72 DIFC Ltd purchased a new position in Bancorp in the 3rd quarter worth approximately $54,000. Advisors Asset Management Inc. grew its position in Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after acquiring an additional 741 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Bancorp during the 3rd quarter valued at about $77,000. Institutional investors own 96.22% of the company’s stock.

Analyst Ratings Changes

TBBK has been the subject of several analyst reports. Piper Sandler upped their price target on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Raymond James reissued an “outperform” rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their target price on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Sunday, January 12th.

Bancorp Stock Performance

Shares of NASDAQ TBBK opened at $60.49 on Monday. 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 firm’s 50-day moving average price is $55.85 and its 200-day moving average price is $53.69. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84. The company has a market cap of $2.90 billion, a PE ratio of 14.07 and a beta of 1.49.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. As a group, analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current 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.