Anderson Hoagland & Co. Sells 3,825 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Anderson Hoagland & Co. decreased its holdings in The Bancorp, Inc. (NASDAQ:TBBKFree Report) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,760 shares of the bank’s stock after selling 3,825 shares during the period. Anderson Hoagland & Co. owned about 0.13% of Bancorp worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in shares of Bancorp by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock worth $284,000 after acquiring an additional 539 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in Bancorp by 42.6% in the fourth quarter. Sheets Smith Wealth Management now owns 10,029 shares of the bank’s stock worth $528,000 after purchasing an additional 2,998 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bancorp by 132.9% during the third quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank’s stock valued at $20,532,000 after buying an additional 219,020 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Bancorp by 23.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock valued at $16,223,000 after buying an additional 56,959 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Bancorp by 18.6% in the 3rd quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after buying an additional 144,867 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas G. Pareigat sold 5,466 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $49.03, for a total value of $267,997.98. Following the sale, the executive vice president now owns 73,114 shares in the company, valued at $3,584,779.42. This represents a 6.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Matthew J. Wallace sold 10,160 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total transaction of $508,609.60. Following the transaction, the executive vice president now directly owns 74,798 shares of the company’s stock, valued at $3,744,387.88. This represents a 11.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,983 shares of company stock worth $1,345,366 in the last 90 days. Insiders own 5.20% of the company’s stock.

Bancorp Stock Up 0.6 %

TBBK stock opened at $55.56 on Friday. The stock has a market capitalization of $2.66 billion, a PE ratio of 14.03 and a beta of 1.49. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $61.17. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $55.03 and a 200 day moving average of $52.41.

Bancorp (NASDAQ:TBBKGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 30.97%. The company had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Sell-side analysts forecast that The Bancorp, Inc. will post 4.28 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on TBBK. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Piper Sandler raised their price objective on Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd.

Read Our Latest Stock Report on Bancorp

Bancorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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