35,000 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Acquired by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. purchased a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,000 shares of the bank’s stock, valued at approximately $1,322,000. Stieven Capital Advisors L.P. owned approximately 0.07% of Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TBBK. GAMMA Investing LLC increased its holdings in Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock worth $29,000 after purchasing an additional 291 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Bancorp by 345.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank’s stock worth $55,000 after purchasing an additional 1,272 shares during the last quarter. Quest Partners LLC purchased a new stake in Bancorp during the 4th quarter worth approximately $115,000. Mesirow Financial Investment Management Inc. purchased a new stake in Bancorp during the 2nd quarter worth approximately $216,000. Finally, Arcus Capital Partners LLC purchased a new stake in Bancorp during the 1st quarter worth approximately $221,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Bancorp Stock Performance

TBBK traded up $0.70 during trading on Friday, reaching $52.40. 551,156 shares of the company were exchanged, compared to its average volume of 552,249. The stock has a market cap of $2.57 billion, a P/E ratio of 14.24 and a beta of 1.47. The firm has a 50 day moving average of $45.84 and a 200 day moving average of $38.73. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $53.48.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The company had revenue of $124.52 million for the quarter, compared to the consensus estimate of $127.45 million. Bancorp had a return on equity of 26.81% and a net margin of 31.52%. On average, sell-side analysts forecast that The Bancorp, Inc. will post 4.42 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Cheryl Creuzot sold 766 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $32.64, for a total transaction of $25,002.24. Following the completion of the transaction, the director now directly owns 7,638 shares in the company, valued at approximately $249,304.32. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on TBBK shares. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Piper Sandler boosted their price target on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price target (up from $46.00) on shares of Bancorp in a report on Monday, July 29th.

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.