Exane Derivatives reduced its position in shares of The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,286 shares of the bank's stock after selling 530 shares during the quarter. Exane Derivatives' holdings in Bancorp were worth $84,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of Bancorp during the 4th quarter valued at approximately $1,144,000. Barclays PLC grew its stake in shares of Bancorp by 23.7% during the 4th quarter. Barclays PLC now owns 145,338 shares of the bank's stock valued at $3,678,000 after acquiring an additional 27,838 shares during the period. Essex Investment Management Co. LLC grew its stake in shares of Bancorp by 4.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 102,411 shares of the bank's stock valued at $2,901,000 after acquiring an additional 4,726 shares during the period. Elgethun Capital Management grew its stake in shares of Bancorp by 1.9% during the 1st quarter. Elgethun Capital Management now owns 165,814 shares of the bank's stock valued at $4,698,000 after acquiring an additional 3,069 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in shares of Bancorp by 6.2% during the 1st quarter. Mutual of America Capital Management LLC now owns 8,267 shares of the bank's stock valued at $234,000 after acquiring an additional 482 shares during the period. 90.95% of the stock is currently owned by institutional investors.

Bancorp Stock Performance

NASDAQ:TBBK opened at $23.79 on Wednesday. The stock's fifty day moving average is $23.69 and its 200 day moving average is $23.15. The Bancorp, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $33.36. The firm has a market capitalization of $1.35 billion, a PE ratio of 12.08 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.81 and a current ratio of 0.97.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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 note on Monday, July 11th. TheStreet downgraded Bancorp from a "b" rating to a "c+" rating in a research note on Monday, September 12th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $36.33.

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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