The Bancorp, Inc. (NASDAQ:TBBK) Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in The Bancorp, Inc. (NASDAQ:TBBK) by 111.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,067 shares of the bank’s stock after purchasing an additional 5,845 shares during the period. Sanctuary Advisors LLC’s holdings in Bancorp were worth $638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TBBK. JPMorgan Chase & Co. grew its position in Bancorp by 132.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank’s stock worth $20,532,000 after purchasing an additional 219,020 shares during the last quarter. Franklin Resources Inc. grew its position in Bancorp by 18.6% in the 3rd quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after purchasing an additional 144,867 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in Bancorp in the 3rd quarter worth about $6,100,000. Segall Bryant & Hamill LLC grew its position in Bancorp by 42.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 238,120 shares of the bank’s stock worth $12,739,000 after purchasing an additional 70,768 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Bancorp by 23.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock worth $16,223,000 after purchasing an additional 56,959 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TBBK. Raymond James reiterated an “outperform” rating and issued a $67.00 price objective (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Keefe, Bruyette & Woods increased their price objective on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th. Finally, Piper Sandler increased their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, December 23rd.

Bancorp Trading Up 0.9 %

Bancorp stock opened at $55.82 on Friday. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The stock has a market capitalization of $2.68 billion, a PE ratio of 12.98 and a beta of 1.49. The firm has a 50 day simple moving average of $56.28 and a 200-day simple moving average of $54.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. As a group, equities research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

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.