Entropy Technologies LP Makes New Investment in The Bancorp, Inc. $TBBK

Entropy Technologies LP acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,933 shares of the bank’s stock, valued at approximately $534,000.

Other large investors also recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in shares of Bancorp by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,586 shares of the bank’s stock worth $318,000 after buying an additional 197 shares during the period. California State Teachers Retirement System raised its holdings in Bancorp by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 42,929 shares of the bank’s stock valued at $2,446,000 after acquiring an additional 253 shares during the period. Janney Montgomery Scott LLC lifted its position in Bancorp by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 6,856 shares of the bank’s stock worth $368,000 after acquiring an additional 267 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Bancorp by 1.1% during the fourth quarter. Cerity Partners LLC now owns 27,518 shares of the bank’s stock worth $1,858,000 after acquiring an additional 309 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of Bancorp during the fourth quarter worth approximately $27,000. 96.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TBBK. Wall Street Zen upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised Bancorp from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Bank of America reiterated a “buy” rating on shares of Bancorp in a research report on Monday, July 20th. Weiss Ratings raised Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods upgraded shares of Bancorp from a “market perform” rating to an “outperform” rating and upped their price target for the company from $72.00 to $77.00 in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bancorp presently has an average rating of “Moderate Buy” and an average price target of $63.40.

Bancorp Trading Down 1.8%

Shares of NASDAQ:TBBK opened at $67.59 on Thursday. The business’s 50 day simple moving average is $60.68 and its 200 day simple moving average is $59.37. The Bancorp, Inc. has a 1 year low of $50.20 and a 1 year high of $81.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $2.81 billion, a P/E ratio of 13.15 and a beta of 1.19.

Bancorp Profile

The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.

The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.