Barclays PLC grew its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK – Free Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,709 shares of the bank’s stock after purchasing an additional 1,172 shares during the quarter. Barclays PLC’s holdings in Bancorp were worth $2,991,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carmel Capital Partners LLC bought a new position in Bancorp in the 3rd quarter worth approximately $34,000. Advisor Group Holdings Inc. grew its holdings in Bancorp by 325.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,222 shares of the bank’s stock worth $35,000 after buying an additional 935 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in Bancorp in the 2nd quarter worth approximately $45,000. Rockefeller Capital Management L.P. bought a new position in Bancorp in the 4th quarter worth approximately $56,000. Finally, Federated Hermes Inc. grew its holdings in Bancorp by 28.1% in the 3rd quarter. Federated Hermes Inc. now owns 2,279 shares of the bank’s stock worth $50,000 after buying an additional 500 shares in the last quarter. 91.52% of the stock is owned by institutional investors.
Insider Buying and Selling at Bancorp
In related news, Director Daniela Mielke acquired 3,315 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the transaction, the director now owns 26,715 shares of the company’s stock, valued at $1,205,647.95. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Bancorp Stock Performance
Shares of NASDAQ TBBK opened at $44.40 on Tuesday. The stock has a fifty day moving average price of $40.41 and a two-hundred day moving average price of $37.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.01. The firm has a market cap of $2.38 billion, a P/E ratio of 12.69 and a beta of 1.50. The Bancorp, Inc. has a 1 year low of $25.13 and a 1 year high of $47.11.
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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