ProShare Advisors LLC lowered its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,813 shares of the bank's stock after selling 1,403 shares during the quarter. ProShare Advisors LLC's holdings in Bancorp were worth $335,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in TBBK. JPMorgan Chase & Co. grew its position in shares of Bancorp by 1,656.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,419,811 shares of the bank's stock worth $35,935,000 after purchasing an additional 1,338,982 shares in the last quarter. Brown Advisory Inc. boosted its stake in Bancorp by 31.2% during the first quarter. Brown Advisory Inc. now owns 1,004,526 shares of the bank's stock valued at $28,421,000 after buying an additional 238,976 shares during the last quarter. Squarepoint Ops LLC bought a new position in Bancorp during the fourth quarter valued at approximately $1,144,000. UMB Bank N A MO bought a new position in Bancorp during the fourth quarter valued at approximately $1,142,000. Finally, Bank of America Corp DE boosted its stake in Bancorp by 17.8% during the fourth quarter. Bank of America Corp DE now owns 290,978 shares of the bank's stock valued at $7,365,000 after buying an additional 43,906 shares during the last quarter. Hedge funds and other institutional investors own 90.95% of the company's stock.
Get Bancorp alerts:Analyst Ratings Changes
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 note on Monday, July 11th.
Bancorp Price Performance
NASDAQ:TBBK opened at $23.59 on Monday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.97 and a beta of 1.45. The Bancorp, Inc. has a 1 year low of $16.59 and a 1 year high of $33.36. The business has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $23.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.81.Bancorp (NASDAQ:TBBK – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The bank reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Bancorp had a return on equity of 17.63% and a net margin of 34.36%. During the same period last year, the business posted $0.49 earnings per share. Equities analysts forecast that The Bancorp, Inc. will post 2.28 EPS for the current year.
Bancorp Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Bancorp (TBBK)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding TBBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bancorp, Inc. (NASDAQ:TBBK – Get Rating).
Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.