The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,164 shares of the bank’s stock after selling 738 shares during the quarter. Yousif Capital Management LLC’s holdings in Bancorp were worth $956,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in shares of Bancorp in the 3rd quarter worth approximately $514,000. Lord Abbett & CO. LLC increased its stake in Bancorp by 23.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock worth $16,223,000 after buying an additional 56,959 shares during the period. Raymond James & Associates increased its stake in Bancorp by 55.9% during the 3rd quarter. Raymond James & Associates now owns 50,276 shares of the bank’s stock worth $2,690,000 after buying an additional 18,027 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Bancorp during the 3rd quarter worth approximately $2,080,000. Finally, Entropy Technologies LP increased its stake in Bancorp by 175.4% during the 3rd quarter. Entropy Technologies LP now owns 18,997 shares of the bank’s stock worth $1,016,000 after buying an additional 12,100 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Trading Down 1.7 %

Shares of Bancorp stock opened at $60.49 on Friday. The company has a fifty day simple moving average of $55.85 and a 200-day simple moving average of $53.66. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 14.07 and a beta of 1.49.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share (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%. On average, equities analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TBBK. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Raymond James reissued an “outperform” rating and issued a $67.00 price objective (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. 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 research report on Monday, December 23rd. Finally, 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 research report on Monday, February 3rd.

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.