The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board reduced its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 8.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 103,864 shares of the bank’s stock after selling 10,000 shares during the period. Public Sector Pension Investment Board’s holdings in Bancorp were worth $5,557,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings 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 in the last quarter. Blue Trust Inc. grew its position in Bancorp by 72.3% during the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after buying an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Bancorp by 345.7% in 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 in the last quarter. Advisors Asset Management Inc. increased its holdings in Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after buying an additional 741 shares in the last quarter. Finally, US Bancorp DE acquired a new position in shares of Bancorp in the third quarter worth about $83,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Insider Buying and Selling at Bancorp

In related news, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total transaction of $508,609.60. Following the completion of the sale, the executive vice president now owns 74,798 shares of the company’s stock, valued at approximately $3,744,387.88. This represents a 11.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas G. Pareigat sold 5,466 shares of the firm’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 transaction of $267,997.98. Following the completion of the transaction, the executive vice president now directly owns 73,114 shares in the company, valued at $3,584,779.42. This trade represents a 6.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,983 shares of company stock valued at $1,345,366 over the last quarter. 5.20% of the stock is currently owned by insiders.

Bancorp Price Performance

Bancorp stock opened at $58.43 on Monday. 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’s fifty day moving average price is $54.34 and its 200 day moving average price is $46.90. The stock has a market capitalization of $2.80 billion, a P/E ratio of 14.76 and a beta of 1.46. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $61.17.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $131.34 million. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts anticipate that The Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 25th.

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.