WINTON GROUP Ltd Has $1.11 Million Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

WINTON GROUP Ltd grew its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 12.4% during the 2nd quarter, Holdings Channel reports. The firm owned 29,498 shares of the bank’s stock after purchasing an additional 3,243 shares during the period. WINTON GROUP Ltd’s holdings in Bancorp were worth $1,114,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Bancorp by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 438,171 shares of the bank’s stock worth $16,896,000 after acquiring an additional 5,145 shares during the period. Level Four Advisory Services LLC bought a new position in shares of Bancorp in the 4th quarter worth $471,000. Brown Advisory Inc. grew its stake in shares of Bancorp by 6.7% during the fourth quarter. Brown Advisory Inc. now owns 1,542,256 shares of the bank’s stock worth $59,469,000 after purchasing an additional 96,551 shares during the period. Trexquant Investment LP increased its holdings in Bancorp by 26.4% in the fourth quarter. Trexquant Investment LP now owns 32,004 shares of the bank’s stock valued at $1,234,000 after purchasing an additional 6,681 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Bancorp in the fourth quarter valued at about $115,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Bancorp Stock Performance

Shares of TBBK stock opened at $49.49 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.88. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $53.48. The company’s 50 day moving average price is $48.29 and its two-hundred day moving average price is $39.11. The company has a market capitalization of $2.59 billion, a P/E ratio of 13.45 and a beta of 1.45.

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

About Bancorp

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.