The Bancorp, Inc. (NASDAQ:TBBK) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its position in The Bancorp, Inc. (NASDAQ:TBBK) by 191.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 744 shares of the bank’s stock after buying an additional 489 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Bancorp were worth $40,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TBBK. Geode Capital Management LLC lifted its holdings in Bancorp by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,362,668 shares of the bank’s stock valued at $72,914,000 after acquiring an additional 6,459 shares during the last quarter. Franklin Resources Inc. lifted its stake in Bancorp by 18.6% during the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock valued at $52,061,000 after purchasing an additional 144,867 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bancorp by 132.9% during the third quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank’s stock valued at $20,532,000 after purchasing an additional 219,020 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Bancorp by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank’s stock worth $16,032,000 after buying an additional 9,748 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Bancorp by 23.1% in the third 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 last quarter. Institutional investors own 96.22% of the company’s stock.

Bancorp Stock Down 0.9 %

Shares of Bancorp stock opened at $49.74 on Wednesday. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $65.84. The company has a market cap of $2.39 billion, a P/E ratio of 11.57 and a beta of 1.59. 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 50-day moving average price of $56.12 and a 200 day moving average price of $54.55.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) 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%. As a group, analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TBBK shares. Raymond James reaffirmed an “outperform” rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. Piper Sandler boosted their price objective on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

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.