26,800 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in The Bancorp, Inc. (NASDAQ:TBBK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 26,800 shares of the bank’s stock, valued at approximately $1,033,000.

A number of other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Bancorp by 0.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 46,980 shares of the bank’s stock worth $1,621,000 after purchasing an additional 419 shares during the period. Meritage Portfolio Management increased its stake in Bancorp by 5.4% in the 3rd quarter. Meritage Portfolio Management now owns 12,030 shares of the bank’s stock worth $415,000 after purchasing an additional 612 shares during the period. Carmel Capital Partners LLC purchased a new position in Bancorp in the 3rd quarter worth approximately $34,000. Barclays PLC increased its stake in Bancorp by 1.4% in 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 during the period. Finally, Rhumbline Advisers increased its stake in Bancorp by 0.8% in the 3rd quarter. Rhumbline Advisers now owns 160,912 shares of the bank’s stock worth $5,551,000 after purchasing an additional 1,322 shares during the period. Institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

Shares of TBBK stock opened at $33.60 on Thursday. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 9.60 and a beta of 1.45. The business’s fifty day moving average is $36.67 and its 200 day moving average is $38.04. The Bancorp, Inc. has a twelve month low of $25.97 and a twelve month high of $47.11. The company has a quick ratio of 0.96, a current ratio of 1.01 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.95 earnings per share for the quarter, hitting the consensus estimate of $0.95. The company had revenue of $119.15 million for the quarter, compared to analysts’ expectations of $118.52 million. Bancorp had a return on equity of 26.16% and a net margin of 30.94%. Research analysts expect that The Bancorp, Inc. will post 4.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Daniela Mielke purchased 3,315 shares of Bancorp stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average cost of $45.13 per share, with a total value of $149,605.95. Following the completion of the purchase, the director now directly 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. In related news, Director Daniela Mielke bought 3,315 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $1,205,647.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Cohn bought 2,485 shares of the company’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $34.21 per share, for a total transaction of $85,011.85. Following the completion of the acquisition, the director now directly owns 157,627 shares of the company’s stock, valued at approximately $5,392,419.67. The disclosure for this purchase can be found here. Insiders have bought a total of 7,800 shares of company stock valued at $308,838 over the last ninety days. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TBBK. Raymond James lifted their price target on Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods reduced their target price on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, April 5th.

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.