The Bancorp, Inc. (NASDAQ:TBBK) Stake Lessened by UMB Bank n.a.

UMB Bank n.a. lessened its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 7.7% in the first quarter, Holdings Channel reports. The institutional investor owned 4,763 shares of the bank’s stock after selling 397 shares during the quarter. UMB Bank n.a.’s holdings in Bancorp were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TBBK. Smartleaf Asset Management LLC increased its stake in shares of Bancorp by 191.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after buying an additional 489 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Bancorp by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after buying an additional 424 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Bancorp in the fourth quarter worth $139,000. EverSource Wealth Advisors LLC increased its stake in shares of Bancorp by 12.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,781 shares of the bank’s stock worth $199,000 after buying an additional 420 shares during the last quarter. Finally, Ethic Inc. bought a new stake in shares of Bancorp in the fourth quarter worth $209,000. Institutional investors own 96.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Bancorp from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st.

Bancorp Stock Performance

Shares of TBBK opened at $54.32 on Wednesday. The business’s fifty day moving average price is $49.43 and its 200 day moving average price is $53.38. The Bancorp, Inc. has a 12-month low of $31.90 and a 12-month high of $65.84. The stock has a market capitalization of $2.54 billion, a PE ratio of 12.63 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The firm had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. Equities research analysts forecast that The Bancorp, Inc. will post 5.31 EPS 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.