336,167 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Purchased by Emerald Advisers LLC

Emerald Advisers LLC purchased a new stake in The Bancorp, Inc. (NASDAQ:TBBK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 336,167 shares of the bank’s stock, valued at approximately $17,692,000. Emerald Advisers LLC owned 0.70% of Bancorp at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its holdings in shares of Bancorp by 2.3% during the third quarter. Natixis Advisors LLC now owns 30,551 shares of the bank’s stock worth $1,634,000 after purchasing an additional 673 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of Bancorp by 53.5% during the third quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock valued at $1,719,000 after acquiring an additional 11,197 shares during the last quarter. Advisors Asset Management Inc. raised its position in Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after acquiring an additional 741 shares during the period. Intech Investment Management LLC grew its holdings in Bancorp by 136.6% during the third quarter. Intech Investment Management LLC now owns 21,191 shares of the bank’s stock valued at $1,134,000 after purchasing an additional 12,233 shares during the period. Finally, Cerity Partners LLC boosted its position in Bancorp by 8.0% during the third quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock worth $1,386,000 after purchasing an additional 1,913 shares during the period. 96.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TBBK. Piper Sandler boosted their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Raymond James reiterated an “outperform” rating and set a $67.00 price target (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

Bancorp Trading Up 0.9 %

NASDAQ:TBBK opened at $54.93 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $65.84. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.77 and a beta of 1.59. The business has a fifty day moving average price of $56.16 and a 200-day moving average price of $54.59.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current year.

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.