Amundi Acquires 15,576 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Amundi grew its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 180.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,195 shares of the bank’s stock after buying an additional 15,576 shares during the quarter. Amundi owned approximately 0.05% of Bancorp worth $1,256,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after acquiring an additional 489 shares in the last quarter. R Squared Ltd acquired a new position in shares of Bancorp during the 4th quarter worth approximately $45,000. Point72 DIFC Ltd bought a new stake in shares of Bancorp during the 3rd quarter worth approximately $54,000. Advisors Asset Management Inc. boosted its holdings in shares of Bancorp by 114.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after buying an additional 741 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in Bancorp during the third quarter worth $77,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Down 0.2 %

Shares of TBBK opened at $52.58 on Wednesday. The firm has a market cap of $2.53 billion, a P/E ratio of 12.23 and a beta of 1.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $65.84. The firm’s 50-day simple moving average is $55.96 and its 200 day simple moving average is $54.55.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, January 30th. The bank reported $1.15 EPS 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%. On average, analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on TBBK. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Keefe, Bruyette & Woods boosted their price target on Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Piper Sandler upped their price objective on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, Raymond James reiterated an “outperform” rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

Bancorp 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.