Lisanti Capital Growth LLC lifted its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) by 16.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,945 shares of the bank's stock after buying an additional 47,405 shares during the quarter. Bancorp makes up approximately 1.1% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 28th largest position. Lisanti Capital Growth LLC owned approximately 0.59% of Bancorp worth $9,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TBBK. JPMorgan Chase & Co. lifted its holdings in Bancorp by 1,656.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,419,811 shares of the bank's stock valued at $35,935,000 after purchasing an additional 1,338,982 shares in the last quarter. American Century Companies Inc. lifted its stake in Bancorp by 431.6% in the 4th quarter. American Century Companies Inc. now owns 999,604 shares of the bank's stock valued at $25,300,000 after buying an additional 811,565 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Bancorp by 31.2% in the 1st quarter. Brown Advisory Inc. now owns 1,004,526 shares of the bank's stock worth $28,421,000 after buying an additional 238,976 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in Bancorp during the 4th quarter worth approximately $3,794,000. Finally, Nicholas Investment Partners LP acquired a new position in shares of Bancorp during the first quarter valued at approximately $3,213,000. Hedge funds and other institutional investors own 92.96% of the company's stock.

Bancorp Price Performance

NASDAQ TBBK traded down $0.26 during trading hours on Friday, hitting $24.00. 2,998 shares of the company's stock traded hands, compared to its average volume of 346,241. The company has a market capitalization of $1.36 billion, a PE ratio of 12.40 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.81. The Bancorp, Inc. has a 52-week low of $16.59 and a 52-week high of $33.36. The firm's 50-day moving average is $22.19 and its 200-day moving average is $23.89.

Analyst Upgrades and Downgrades

Separately, Piper Sandler dropped their price target on Bancorp from $36.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, July 11th.

Bancorp Profile

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The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards.

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