Entropy Technologies LP Raises Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Entropy Technologies LP grew its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 256.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,375 shares of the bank’s stock after acquiring an additional 16,812 shares during the quarter. Entropy Technologies LP’s holdings in Bancorp were worth $782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SummerHaven Investment Management LLC lifted its position in shares of Bancorp by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 20,853 shares of the bank’s stock valued at $804,000 after acquiring an additional 269 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Bancorp by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 28,396 shares of the bank’s stock valued at $1,095,000 after acquiring an additional 319 shares in the last quarter. Natixis Advisors L.P. lifted its position in shares of Bancorp by 1.3% in the fourth quarter. Natixis Advisors L.P. now owns 33,390 shares of the bank’s stock valued at $1,287,000 after acquiring an additional 418 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Bancorp by 6.2% in the first quarter. ProShare Advisors LLC now owns 10,417 shares of the bank’s stock valued at $349,000 after acquiring an additional 606 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of Bancorp by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 46,959 shares of the bank’s stock valued at $1,571,000 after acquiring an additional 608 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TBBK. StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Piper Sandler reiterated an “overweight” rating and set a $55.00 target price on shares of Bancorp in a research report on Tuesday, July 2nd. 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 report on Friday, April 5th.

Insider Activity

In related news, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the completion of the sale, the executive vice president now owns 15,262 shares of the company’s stock, valued at $491,131.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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, for a total transaction of $32,530.00. Following the completion of the purchase, the director now owns 111,264 shares in the company, valued at approximately $3,619,417.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the sale, the executive vice president now owns 15,262 shares in the company, valued at approximately $491,131.16. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 1,706 shares of company stock worth $54,962. 5.20% of the stock is owned by corporate insiders.

Bancorp Stock Performance

Shares of NASDAQ TBBK traded up $1.84 during mid-day trading on Thursday, hitting $50.94. The company had a trading volume of 129,545 shares, compared to its average volume of 612,081. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 13.34 and a beta of 1.47. The Bancorp, Inc. has a 12 month low of $29.92 and a 12 month high of $50.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.02 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $36.84.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Friday, April 26th. The bank reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $123.80 million for 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 quarter in the previous year, the business earned $0.88 EPS. As a group, equities research analysts forecast that The Bancorp, Inc. will post 4.53 earnings per share for the current year.

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.