Swiss National Bank Has $3.49 Million Stock Position in The Bancorp, Inc. (NASDAQ:TBBK)

Swiss National Bank boosted its position in The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,000 shares of the bank’s stock after acquiring an additional 1,800 shares during the period. Swiss National Bank’s holdings in Bancorp were worth $3,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TBBK. State Street Corp increased its holdings in Bancorp by 9.6% in the first quarter. State Street Corp now owns 2,735,551 shares of the bank’s stock valued at $77,498,000 after purchasing an additional 239,939 shares during the last quarter. Brown Advisory Inc. boosted its stake in Bancorp by 20.6% during the 3rd quarter. Brown Advisory Inc. now owns 1,219,589 shares of the bank’s stock worth $26,806,000 after acquiring an additional 208,197 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Bancorp by 901.8% during the third quarter. Victory Capital Management Inc. now owns 219,541 shares of the bank’s stock valued at $4,826,000 after purchasing an additional 197,627 shares during the period. BlackRock Inc. increased its stake in Bancorp by 2.3% in the first quarter. BlackRock Inc. now owns 8,494,240 shares of the bank’s stock valued at $240,641,000 after purchasing an additional 192,639 shares in the last quarter. Finally, AXA S.A. raised its holdings in Bancorp by 70.8% in the third quarter. AXA S.A. now owns 395,928 shares of the bank’s stock worth $8,702,000 after purchasing an additional 164,156 shares during the period. 90.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TBBK has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on shares of Bancorp from $43.00 to $39.00 in a research report on Thursday, April 6th. Keefe, Bruyette & Woods dropped their price target on Bancorp from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, April 6th. Raymond James began coverage on Bancorp in a research report on Monday, January 30th. They issued an “outperform” rating and a $38.00 price objective for the company. Finally, StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Bancorp Stock Performance

TBBK opened at $31.25 on Monday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.75 and a beta of 1.46. The business’s 50-day moving average price is $28.67 and its two-hundred day moving average price is $30.26. The Bancorp, Inc. has a 1 year low of $16.59 and a 1 year high of $37.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.92.

Insider Buying and Selling

In other news, Director Daniela Mielke purchased 2,300 shares of Bancorp stock in a transaction on Monday, March 13th. The stock was purchased at an average price of $27.14 per share, with a total value of $62,422.00. Following the transaction, the director now directly owns 20,830 shares in the company, valued at approximately $565,326.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders bought 4,050 shares of company stock worth $121,530. 4.30% of the stock is owned by corporate insiders.

Bancorp Profile

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The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance segment consists of commercial mortgage loan sales and securitizations, small business administration loans, direct lease financing, and security and insurance backed lines of credit and deposits generated by business lines.