Segall Bryant & Hamill LLC Sells 3,157 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Segall Bryant & Hamill LLC cut its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,963 shares of the bank’s stock after selling 3,157 shares during the period. Segall Bryant & Hamill LLC’s holdings in Bancorp were worth $12,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors LLC raised its holdings in Bancorp by 2.3% in the 3rd 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 period. Pathstone Holdings LLC increased its position in Bancorp by 53.5% in the third quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock worth $1,719,000 after buying an additional 11,197 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of 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 buying an additional 741 shares during the period. Intech Investment Management LLC lifted its position in shares of Bancorp by 136.6% during the 3rd quarter. Intech Investment Management LLC now owns 21,191 shares of the bank’s stock valued at $1,134,000 after buying an additional 12,233 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Bancorp by 8.0% during the 3rd quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock valued at $1,386,000 after acquiring an additional 1,913 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bancorp Trading Down 1.3 %

Bancorp stock opened at $56.33 on Wednesday. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $65.84. The firm’s 50 day moving average price is $56.34 and its 200-day moving average price is $54.73. 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 stock has a market cap of $2.71 billion, a P/E ratio of 13.10 and a beta of 1.59.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results 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%. On average, equities analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

Bancorp 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.