New York State Common Retirement Fund Has $3.92 Million Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

New York State Common Retirement Fund increased its position in shares of The Bancorp, Inc. (NASDAQ:TBBKFree Report) by 100.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,537 shares of the bank’s stock after acquiring an additional 56,940 shares during the quarter. New York State Common Retirement Fund’s holdings in Bancorp were worth $3,917,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TBBK. BlackRock Inc. lifted 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 buying an additional 192,639 shares during the period. Vanguard Group Inc. lifted its stake in Bancorp by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,562,416 shares of the bank’s stock valued at $78,302,000 after buying an additional 13,842 shares during the period. State Street Corp lifted its stake 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 buying an additional 239,939 shares during the period. Dimensional Fund Advisors LP lifted its stake in Bancorp by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,577,944 shares of the bank’s stock valued at $71,795,000 after buying an additional 10,005 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Bancorp by 1.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,718,254 shares of the bank’s stock worth $48,678,000 after purchasing an additional 16,246 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Bancorp Stock Up 1.2 %

TBBK opened at $44.40 on Tuesday. The Bancorp, Inc. has a 1-year low of $25.13 and a 1-year high of $47.11. The stock’s fifty day simple moving average is $40.41 and its 200 day simple moving average is $37.85. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.38 billion, a PE ratio of 12.69 and a beta of 1.50.

Insider Activity at Bancorp

In other Bancorp news, Director Daniela Mielke purchased 3,315 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the purchase, the director now owns 26,715 shares in the company, valued at $1,205,647.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James boosted their price objective on Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler boosted their target price on Bancorp from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, December 21st.

View Our Latest Analysis on Bancorp

About Bancorp

(Free Report)

The Bancorp, Inc operates as the financial 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, medical savings, money market, individual retirement, and commercial accounts; certificates of deposit; and payroll cards.

Further Reading

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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