Vanguard Group Inc. Sells 64,441 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Vanguard Group Inc. lessened its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,303,074 shares of the bank’s stock after selling 64,441 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Bancorp worth $173,841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TBBK. Smartleaf Asset Management LLC grew its holdings in shares of Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after purchasing an additional 489 shares during the last quarter. R Squared Ltd acquired a new stake in Bancorp in the fourth quarter valued at approximately $45,000. Point72 DIFC Ltd acquired a new stake in Bancorp in the third quarter valued at approximately $54,000. National Bank of Canada FI bought a new stake in shares of Bancorp during the third quarter worth $77,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Down 10.3 %

Shares of NASDAQ:TBBK opened at $43.92 on Monday. The firm has a market cap of $2.11 billion, a P/E ratio of 10.21 and a beta of 1.26. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The business has a fifty day simple moving average of $55.73 and a 200 day simple moving average of $54.84. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Raymond James reissued an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Piper Sandler upped their price objective on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

About Bancorp

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.