Versor Investments LP Invests $514,000 in The Bancorp, Inc. (NASDAQ:TBBK)

Versor Investments LP acquired a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) in the third quarter, HoldingsChannel.com reports. The firm acquired 9,600 shares of the bank’s stock, valued at approximately $514,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock valued at $29,000 after purchasing an additional 291 shares during the period. Blue Trust Inc. boosted its holdings in shares of Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock worth $34,000 after buying an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Bancorp by 345.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank’s stock valued at $55,000 after buying an additional 1,272 shares during the period. US Bancorp DE purchased a new stake in Bancorp during the third quarter valued at approximately $83,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in Bancorp in the second quarter worth approximately $216,000. Institutional investors own 96.22% of the company’s stock.

Bancorp Stock Performance

TBBK opened at $56.82 on Thursday. The company has a 50 day simple moving average of $52.74 and a two-hundred day simple moving average of $44.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The firm has a market cap of $2.72 billion, a P/E ratio of 14.35 and a beta of 1.46. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $59.46.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.08). The firm had revenue of $125.84 million during the quarter, compared to the consensus estimate of $131.34 million. Bancorp had a return on equity of 26.63% and a net margin of 30.97%. During the same period in the prior year, the company posted $0.92 EPS. Equities analysts forecast that The Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Thomas G. Pareigat sold 5,466 shares of the business’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 transaction, the executive vice president now directly owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Bancorp news, EVP Thomas G. Pareigat sold 5,466 shares of Bancorp stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total value of $267,997.98. Following the sale, the executive vice president now directly owns 73,114 shares in the company, valued at approximately $3,584,779.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Maria Wainwright sold 11,357 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.56. Following the transaction, the chief marketing officer now directly owns 23,291 shares of the company’s stock, valued at $1,166,413.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,983 shares of company stock worth $1,345,366. 5.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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