Brown Advisory Inc. Grows Stock Holdings in The Bancorp, Inc. $TBBK

Brown Advisory Inc. raised its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 905,876 shares of the bank’s stock after purchasing an additional 71,299 shares during the period. Brown Advisory Inc. owned approximately 2.06% of Bancorp worth $61,165,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC raised its position in Bancorp by 213.6% during the third quarter. Rothschild Investment LLC now owns 345 shares of the bank’s stock valued at $26,000 after purchasing an additional 235 shares in the last quarter. Bessemer Group Inc. raised its position in Bancorp by 78.6% during the third quarter. Bessemer Group Inc. now owns 400 shares of the bank’s stock valued at $30,000 after purchasing an additional 176 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Bancorp during the fourth quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. raised its position in Bancorp by 732.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock valued at $56,000 after purchasing an additional 659 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in Bancorp during the third quarter valued at about $66,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Shares of NASDAQ:TBBK opened at $57.46 on Monday. The stock’s 50-day moving average price is $56.84 and its 200-day moving average price is $60.33. The Bancorp, Inc. has a 12-month low of $49.36 and a 12-month high of $81.65. The stock has a market capitalization of $2.39 billion, a P/E ratio of 11.18 and a beta of 1.21. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. Bancorp had a return on equity of 30.56% and a net margin of 26.92%.The firm had revenue of $132.50 million for the quarter, compared to analysts’ expectations of $189.17 million. On average, equities analysts anticipate that The Bancorp, Inc. will post 5.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

TBBK has been the topic of a number of research reports. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Zacks Research upgraded Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. Piper Sandler initiated coverage on Bancorp in a research report on Thursday, March 12th. They set an “overweight” rating and a $66.00 price target on the stock. Finally, Weiss Ratings cut Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.50.

Insider Transactions at Bancorp

In other news, CMO Maria Wainwright sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total transaction of $506,016.00. Following the transaction, the chief marketing officer directly owned 24,942 shares of the company’s stock, valued at approximately $1,502,506.08. This trade represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Erika R. Caesar sold 4,470 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total value of $269,451.60. Following the completion of the sale, the executive vice president directly owned 32,880 shares in the company, valued at $1,982,006.40. The trade was a 11.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.00% of the stock is currently owned by company insiders.

Bancorp Company Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.