Raymond James & Associates Grows Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Raymond James & Associates increased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,244 shares of the bank’s stock after acquiring an additional 4,002 shares during the quarter. Raymond James & Associates’ holdings in Bancorp were worth $511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new stake in Bancorp during the 3rd quarter worth approximately $34,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Bancorp during the third quarter worth $88,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Bancorp during the third quarter valued at $103,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Bancorp during the third quarter valued at $157,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Bancorp in the 3rd quarter valued at $183,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TBBK shares. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 19th. Raymond James increased their price target on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, April 5th.

Insider Activity at Bancorp

In other Bancorp news, Director Daniela Mielke purchased 3,315 shares of the stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the completion of the transaction, the director now owns 26,715 shares of the company’s stock, valued at approximately $1,205,647.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Stephanie B. Mudick purchased 2,000 shares of Bancorp stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $37.11 per share, for a total transaction of $74,220.00. Following the transaction, the director now directly owns 31,584 shares in the company, valued at $1,172,082.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daniela Mielke acquired 3,315 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average price of $45.13 per share, for a total transaction of $149,605.95. Following the completion of the acquisition, the director now owns 26,715 shares in the company, valued at approximately $1,205,647.95. The disclosure for this purchase can be found here. Insiders acquired a total of 7,800 shares of company stock worth $308,838 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Bancorp Stock Performance

TBBK opened at $30.80 on Friday. The firm has a fifty day moving average price of $36.28 and a 200 day moving average price of $37.98. The Bancorp, Inc. has a 1 year low of $26.97 and a 1 year high of $47.11. The stock has a market cap of $1.61 billion, a P/E ratio of 8.80 and a beta of 1.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.01 and a quick ratio of 0.96.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.95 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.95. Bancorp had a net margin of 30.94% and a return on equity of 26.16%. The business had revenue of $119.15 million during the quarter, compared to the consensus estimate of $118.52 million. Equities research analysts anticipate that The Bancorp, Inc. will post 4.42 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.