The Bancorp, Inc. (NASDAQ:TBBK) Stock Position Lifted by Entropy Technologies LP

Entropy Technologies LP grew its position in The Bancorp, Inc. (NASDAQ:TBBK) by 175.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,997 shares of the bank’s stock after acquiring an additional 12,100 shares during the quarter. Entropy Technologies LP’s holdings in Bancorp were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of Bancorp by 129.0% during the first quarter. Jane Street Group LLC now owns 124,915 shares of the bank’s stock worth $4,180,000 after purchasing an additional 70,361 shares during the period. Jupiter Asset Management Ltd. raised its stake in Bancorp by 71.1% during the first quarter. Jupiter Asset Management Ltd. now owns 396,600 shares of the bank’s stock worth $13,270,000 after acquiring an additional 164,855 shares during the period. Victory Capital Management Inc. lifted its holdings in Bancorp by 7.0% in the second quarter. Victory Capital Management Inc. now owns 391,290 shares of the bank’s stock worth $14,775,000 after acquiring an additional 25,731 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Bancorp in the second quarter valued at approximately $391,000. Finally, Edgestream Partners L.P. bought a new position in shares of Bancorp during the first quarter valued at approximately $444,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Thomas G. Pareigat sold 5,466 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the transaction, the executive vice president now directly owns 73,114 shares in the company, valued at $3,584,779.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Thomas G. Pareigat sold 5,466 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the completion of the sale, the executive vice president now owns 73,114 shares in the company, valued at $3,584,779.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Matthew J. Wallace sold 10,160 shares of Bancorp stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total value of $508,609.60. Following the transaction, the executive vice president now directly owns 74,798 shares in the company, valued at approximately $3,744,387.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,983 shares of company stock worth $1,345,366. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TBBK. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $55.00 price target (up previously from $46.00) on shares of Bancorp in a report on Monday, July 29th. Piper Sandler raised their target price on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th.

Bancorp Stock Down 1.0 %

TBBK opened at $56.82 on Thursday. The stock’s 50 day moving average price is $52.74 and its 200 day moving average price is $44.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The stock has a market cap of $2.72 billion, a P/E ratio of 14.35 and a beta of 1.46. The Bancorp, Inc. has a 12 month low of $29.92 and a 12 month high of $59.46.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). The business had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. Bancorp had a net margin of 30.97% and a return on equity of 26.63%. During the same period last year, the business posted $0.92 earnings per share. As a group, research analysts predict that The Bancorp, Inc. will post 4.3 earnings per share for the current 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.