Swiss National Bank Trims Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Swiss National Bank cut its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,500 shares of the bank’s stock after selling 4,500 shares during the period. Swiss National Bank owned about 0.19% of Bancorp worth $4,816,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC lifted its position in shares of Bancorp by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 30,551 shares of the bank’s stock valued at $1,634,000 after buying an additional 673 shares in the last quarter. Pathstone Holdings LLC raised its stake in Bancorp by 53.5% during the 3rd quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock worth $1,719,000 after acquiring an additional 11,197 shares during the period. Advisors Asset Management Inc. lifted its holdings in Bancorp by 114.4% during the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after purchasing an additional 741 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Bancorp by 136.6% in the third quarter. Intech Investment Management LLC now owns 21,191 shares of the bank’s stock worth $1,134,000 after purchasing an additional 12,233 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in shares of Bancorp by 8.0% in the third quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock worth $1,386,000 after purchasing an additional 1,913 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

Bancorp Trading Up 3.9 %

Shares of Bancorp stock opened at $57.07 on Tuesday. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $65.84. 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 business has a 50-day moving average price of $56.28 and a 200-day moving average price of $54.68. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 13.27 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

TBBK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Piper Sandler upped their price target on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd.

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.