Penserra Capital Management LLC Acquires New Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Penserra Capital Management LLC bought a new position in The Bancorp, Inc. (NASDAQ:TBBK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,611 shares of the bank’s stock, valued at approximately $514,000.

Several other large investors also recently made changes to their positions in TBBK. The Manufacturers Life Insurance Company grew its holdings in Bancorp by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,959 shares of the bank’s stock worth $1,056,000 after buying an additional 234 shares in the last quarter. Blue Trust Inc. grew its stake 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 purchasing an additional 263 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Bancorp by 60.5% during the second 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. CANADA LIFE ASSURANCE Co lifted its holdings in Bancorp by 0.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 67,251 shares of the bank’s stock worth $2,251,000 after purchasing an additional 302 shares during the period. Finally, Legend Financial Advisors Inc. grew its position in Bancorp by 2.1% in the 2nd quarter. Legend Financial Advisors Inc. now owns 18,200 shares of the bank’s stock valued at $687,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Stock Up 0.4 %

TBBK opened at $59.05 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.88. The company has a market capitalization of $2.83 billion, a PE ratio of 14.91 and a beta of 1.46. The stock’s fifty day moving average is $54.00 and its 200-day moving average is $46.37. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $61.17.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results 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 business had revenue of $125.84 million during the quarter, compared to the consensus estimate of $131.34 million. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities analysts predict that The Bancorp, Inc. will post 4.3 EPS for the current fiscal year.

Insider Activity at Bancorp

In other news, EVP Matthew J. Wallace sold 10,160 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 74,798 shares of the company’s stock, valued at $3,744,387.88. The trade was a 11.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas G. Pareigat sold 5,466 shares of the 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 completion of the transaction, the executive vice president now owns 73,114 shares of the company’s stock, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,983 shares of company stock valued at $1,345,366 over the last ninety days. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday.

About Bancorp

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.