Teacher Retirement System of Texas Acquires 3,552 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Teacher Retirement System of Texas lifted its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 44.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,472 shares of the bank’s stock after purchasing an additional 3,552 shares during the quarter. Teacher Retirement System of Texas’ holdings in Bancorp were worth $606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TBBK. GAMMA Investing LLC increased its stake in shares of Bancorp by 45.2% in the 1st quarter. GAMMA Investing LLC now owns 1,465 shares of the bank’s stock valued at $77,000 after buying an additional 456 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Bancorp in the fourth quarter worth about $139,000. Ethic Inc. bought a new stake in Bancorp during the 4th quarter worth about $209,000. Wedbush Securities Inc. bought a new stake in Bancorp during the 4th quarter worth about $213,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Bancorp during the 1st quarter valued at about $227,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analysts Set New Price Targets

TBBK has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of Bancorp to a “buy” rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $65.00 target price on shares of Bancorp in a research report on Friday, July 11th. Raymond James Financial raised Bancorp from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, July 7th. Wall Street Zen cut Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. Finally, Barclays reissued a “buy” rating on shares of Bancorp in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.33.

Bancorp Stock Performance

Shares of Bancorp stock opened at $67.10 on Wednesday. The Bancorp, Inc. has a 12 month low of $40.51 and a 12 month high of $68.95. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.13 billion, a PE ratio of 15.15 and a beta of 1.25. The stock’s fifty day simple moving average is $54.54 and its 200 day simple moving average is $53.51.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a net margin of 28.45% and a return on equity of 27.31%. The business had revenue of $175.39 million for the quarter, compared to the consensus estimate of $108.88 million. On average, research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

About Bancorp

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.