Epoch Investment Partners Inc. Sells 18,026 Shares of The Bancorp, Inc. $TBBK

Epoch Investment Partners Inc. reduced its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 8.6% during the fourth quarter, Holdings Channel reports. The firm owned 191,242 shares of the bank’s stock after selling 18,026 shares during the period. Epoch Investment Partners Inc.’s holdings in Bancorp were worth $12,913,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TBBK. Rothschild Investment LLC lifted its position in shares of 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. Hilton Head Capital Partners LLC bought a new position in shares of Bancorp during the fourth quarter valued at about $27,000. Bessemer Group Inc. lifted its position in shares of 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. Lazard Asset Management LLC purchased a new stake in Bancorp during the second quarter worth about $53,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Bancorp by 732.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 749 shares of the bank’s stock worth $56,000 after buying an additional 659 shares during the last quarter. 96.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TBBK. Piper Sandler assumed coverage on shares of Bancorp in a report on Thursday, March 12th. They set an “overweight” rating and a $66.00 price objective for the company. Wall Street Zen upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings lowered shares of Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded shares of Bancorp from a “strong sell” rating to a “hold” rating in a research report on Friday, April 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Bancorp Stock Performance

Shares of TBBK opened at $57.46 on Monday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 11.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.89. The Bancorp, Inc. has a fifty-two week low of $49.36 and a fifty-two week high of $81.65. The firm has a 50 day moving average price of $56.84 and a 200-day moving average price of $60.33.

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

Insider Buying and Selling

In other news, CMO Maria Wainwright sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.24, for a total value of $506,016.00. Following the completion of the sale, the chief marketing officer directly owned 24,942 shares in the company, valued at approximately $1,502,506.08. The trade was a 25.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Erika R. Caesar sold 4,470 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $60.28, for a total transaction of $269,451.60. Following the completion of the sale, the executive vice president owned 32,880 shares of the company’s stock, valued at approximately $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. Insiders own 6.00% of the company’s stock.

Bancorp 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.