Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 232 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in The Bancorp, Inc. (NASDAQ:TBBK) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,233 shares of the bank’s stock after selling 232 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bancorp were worth $539,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arcus Capital Partners LLC lifted its position in Bancorp by 5.0% in the 4th quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock valued at $347,000 after acquiring an additional 315 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Bancorp by 12.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank’s stock valued at $199,000 after purchasing an additional 420 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Bancorp by 39.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock valued at $79,000 after buying an additional 424 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after buying an additional 489 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Bancorp by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock worth $284,000 after buying an additional 539 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bancorp Trading Up 0.1 %

Shares of Bancorp stock opened at $53.59 on Friday. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $65.84. The company’s fifty day simple moving average is $56.27 and its 200-day simple moving average is $54.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market capitalization of $2.58 billion, a PE ratio of 12.46 and a beta of 1.59.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Bancorp Company 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.