Level Four Advisory Services LLC Purchases Shares of 12,207 The Bancorp, Inc. (NASDAQ:TBBK)

Level Four Advisory Services LLC acquired a new position in The Bancorp, Inc. (NASDAQ:TBBK) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,207 shares of the bank’s stock, valued at approximately $471,000.

Several other hedge funds and other institutional investors have also modified their holdings of TBBK. Bank of New York Mellon Corp boosted its stake in shares of Bancorp by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank’s stock valued at $16,171,000 after buying an additional 15,430 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of 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 acquiring an additional 419 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Bancorp during the 3rd quarter valued at approximately $462,000. Illinois Municipal Retirement Fund bought a new position in Bancorp during the third quarter worth $1,117,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Bancorp in the third quarter worth $88,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Bancorp Price Performance

TBBK opened at $33.77 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.18. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $47.11. The stock has a fifty day moving average of $32.90 and a 200-day moving average of $37.77. The firm has a market capitalization of $1.76 billion, a P/E ratio of 9.18 and a beta of 1.43.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $123.80 million during the quarter, compared to the consensus estimate of $126.86 million. Bancorp had a return on equity of 26.32% and a net margin of 31.40%. During the same period last year, the business earned $0.88 EPS. Equities analysts forecast that The Bancorp, Inc. will post 4.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hersh Kozlov acquired 1,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $32.53 per share, with a total value of $32,530.00. Following the acquisition, the director now owns 111,264 shares in the company, valued at approximately $3,619,417.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Hersh Kozlov purchased 1,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of $32.53 per share, for a total transaction of $32,530.00. Following the completion of the acquisition, the director now directly owns 111,264 shares in the company, valued at approximately $3,619,417.92. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total transaction of $362,218.08. Following the completion of the transaction, the executive vice president now directly owns 15,262 shares in the company, valued at approximately $491,131.16. The disclosure for this sale can be found here. Insiders acquired 6,191 shares of company stock valued at $214,194 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Bancorp Company 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.