Emerald Mutual Fund Advisers Trust Decreases Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Emerald Mutual Fund Advisers Trust decreased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 84.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,103 shares of the bank’s stock after selling 163,029 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Bancorp were worth $1,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC lifted its holdings in shares of Bancorp by 1.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 30,632 shares of the bank’s stock valued at $1,157,000 after buying an additional 492 shares during the period. Victory Capital Management Inc. increased its position in Bancorp by 7.0% during the second quarter. Victory Capital Management Inc. now owns 391,290 shares of the bank’s stock valued at $14,775,000 after acquiring an additional 25,731 shares during the last quarter. Stieven Capital Advisors L.P. bought a new position in Bancorp in the second quarter valued at about $1,322,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Bancorp by 7.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,331 shares of the bank’s stock worth $466,000 after purchasing an additional 832 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Bancorp by 4.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 139,933 shares of the bank’s stock valued at $5,282,000 after purchasing an additional 5,482 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Stock Down 1.5 %

NASDAQ TBBK opened at $49.04 on Friday. The stock’s 50-day moving average price is $47.27 and its 200-day moving average price is $38.97. The company has a market capitalization of $2.56 billion, a P/E ratio of 13.33 and a beta of 1.45. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $53.48.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The firm had revenue of $124.52 million for the quarter, compared to the consensus estimate of $127.45 million. Bancorp had a return on equity of 26.81% and a net margin of 31.52%. On average, equities research analysts predict that The Bancorp, Inc. will post 4.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TBBK shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price objective (up previously from $46.00) on shares of Bancorp in a research note on Monday, July 29th. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler lifted their price target on shares of Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th.

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.