Jones Financial Companies Lllp Has $365,000 Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Jones Financial Companies Lllp grew its position in The Bancorp, Inc. (NASDAQ:TBBK) by 75.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,934 shares of the bank’s stock after buying an additional 2,971 shares during the quarter. Jones Financial Companies Lllp’s holdings in Bancorp were worth $365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in Bancorp by 191.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after acquiring an additional 489 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Bancorp in the 4th quarter valued at $45,000. Point72 DIFC Ltd bought a new position in shares of Bancorp in the 3rd quarter valued at $54,000. Advisors Asset Management Inc. raised its holdings in shares of Bancorp by 114.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after buying an additional 741 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Bancorp during the 3rd quarter worth $77,000. Institutional investors own 96.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TBBK shares. Raymond James reissued an “outperform” rating and issued a $67.00 target price (up previously 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 research note on Monday, February 3rd. StockNews.com raised shares of 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 shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd.

Bancorp Stock Performance

NASDAQ:TBBK opened at $49.74 on Wednesday. The stock’s 50-day moving average is $56.12 and its 200-day moving average is $54.55. The stock has a market cap of $2.39 billion, a P/E ratio of 11.57 and a beta of 1.59. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year 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.

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

Bancorp Company 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.