Oppenheimer & Co. Inc. Makes New $259,000 Investment in The Bancorp, Inc. (NASDAQ:TBBK)

Oppenheimer & Co. Inc. bought a new position in shares of The Bancorp, Inc. (NASDAQ:TBBKFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,500 shares of the bank’s stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Advisors Preferred LLC grew its stake in Bancorp by 32.1% during the 3rd quarter. Advisors Preferred LLC now owns 89,775 shares of the bank’s stock worth $3,066,000 after purchasing an additional 21,815 shares in the last quarter. New York State Common Retirement Fund grew its stake in Bancorp by 100.6% during the 3rd quarter. New York State Common Retirement Fund now owns 113,537 shares of the bank’s stock worth $3,917,000 after purchasing an additional 56,940 shares in the last quarter. Van Hulzen Asset Management LLC grew its stake in Bancorp by 38.3% during the 3rd quarter. Van Hulzen Asset Management LLC now owns 38,126 shares of the bank’s stock worth $1,315,000 after purchasing an additional 10,549 shares in the last quarter. Barclays PLC grew its stake in Bancorp by 1.4% during the 3rd quarter. Barclays PLC now owns 86,709 shares of the bank’s stock worth $2,991,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Bancorp during the 3rd quarter worth $88,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on Bancorp

Insiders Place Their Bets

In related news, Director Daniela Mielke acquired 3,315 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $45.13 per share, with a total value of $149,605.95. Following the completion of the acquisition, 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 this hyperlink. 4.30% of the stock is owned by corporate insiders.

Bancorp Stock Up 1.2 %

TBBK stock opened at $44.40 on Tuesday. 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 Bancorp, Inc. has a twelve month low of $25.13 and a twelve month high of $47.11. The company’s 50 day moving average is $40.41 and its two-hundred day moving average is $37.85. The stock has a market cap of $2.38 billion, a P/E ratio of 12.69 and a beta of 1.50.

Bancorp Profile

(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.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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