2,646 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in The Bancorp, Inc. (NASDAQ:TBBK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,646 shares of the bank’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC boosted its position in shares of Bancorp by 8.0% in the 3rd quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock worth $1,386,000 after purchasing an additional 1,913 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bancorp by 169.2% during the third quarter. BNP Paribas Financial Markets now owns 53,165 shares of the bank’s stock worth $2,844,000 after buying an additional 33,413 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Bancorp during the 3rd quarter worth about $1,024,000. Paloma Partners Management Co bought a new stake in shares of Bancorp in the 3rd quarter valued at about $487,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Bancorp in the 3rd quarter valued at approximately $54,000. 96.22% of the stock is owned by institutional investors.

Bancorp Trading Up 2.3 %

Shares of NASDAQ:TBBK opened at $54.76 on Thursday. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 12.73 and a beta of 1.59. The Bancorp, Inc. has a 12 month low of $29.92 and a 12 month high of $65.84. The company’s fifty day simple moving average is $56.09 and its 200 day simple moving average is $54.91. 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 results on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, beating 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%. As a group, research analysts forecast that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Ratings Changes

TBBK has been the topic of several analyst reports. Piper Sandler increased their target price on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Raymond James reissued an “outperform” rating and issued a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their price target on Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

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.