110,000 Shares in The Bancorp, Inc. $TBBK Purchased by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. purchased a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 110,000 shares of the bank’s stock, valued at approximately $7,427,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Bancorp by 4.8% during the third quarter. Invesco Ltd. now owns 2,781,772 shares of the bank’s stock worth $208,327,000 after acquiring an additional 126,302 shares during the last quarter. Nantahala Capital Management LLC grew its stake in shares of Bancorp by 16.9% in the second quarter. Nantahala Capital Management LLC now owns 968,503 shares of the bank’s stock valued at $55,176,000 after buying an additional 140,000 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Bancorp by 273.2% in the third quarter. Ameriprise Financial Inc. now owns 621,903 shares of the bank’s stock valued at $46,574,000 after buying an additional 455,265 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Bancorp by 148.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 403,248 shares of the bank’s stock valued at $27,227,000 after buying an additional 241,058 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in shares of Bancorp by 2.5% in the third quarter. Segall Bryant & Hamill LLC now owns 282,343 shares of the bank’s stock valued at $21,145,000 after buying an additional 6,865 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on TBBK shares. Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Weiss Ratings downgraded Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen raised Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Wolfe Research set a $57.00 price target on Bancorp in a report on Monday, February 9th. Finally, Piper Sandler started coverage on Bancorp in a report on Thursday, March 12th. They issued an “overweight” rating and a $66.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Insider Transactions at Bancorp

In related news, CMO Maria Wainwright sold 8,400 shares of Bancorp stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total transaction of $506,016.00. Following the completion of the sale, the chief marketing officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ryan Harris sold 4,500 shares of Bancorp stock in a transaction on Friday, March 13th. The shares were sold at an average price of $53.18, for a total value of $239,310.00. Following the sale, the executive vice president directly owned 150,516 shares of the company’s stock, valued at approximately $8,004,440.88. The trade was a 2.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,370 shares of company stock valued at $1,014,778 over the last quarter. Company insiders own 6.00% of the company’s stock.

Bancorp Stock Performance

Shares of NASDAQ TBBK opened at $54.49 on Tuesday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 10.60 and a beta of 1.21. The stock’s fifty day simple moving average is $56.52 and its 200 day simple moving average is $60.74. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.32. The Bancorp, Inc. has a 52-week low of $48.86 and a 52-week high of $81.65.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, April 23rd. The bank reported $1.41 EPS for the quarter, topping the consensus estimate of $1.34 by $0.07. The business had revenue of $132.50 million during the quarter, compared to analysts’ expectations of $189.17 million. Bancorp had a return on equity of 30.56% and a net margin of 26.92%. As a group, sell-side analysts forecast that The Bancorp, Inc. will post 5.95 earnings per share for the current fiscal year.

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.