Arcus Capital Partners LLC Acquires 315 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Arcus Capital Partners LLC raised its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,600 shares of the bank’s stock after buying an additional 315 shares during the period. Arcus Capital Partners LLC’s holdings in Bancorp were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Bancorp by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after acquiring an additional 263 shares in the last quarter. R Squared Ltd bought a new position in shares of Bancorp in the fourth quarter valued at approximately $45,000. Point72 DIFC Ltd bought a new position in shares of Bancorp in the third quarter valued at approximately $54,000. GAMMA Investing LLC lifted its holdings in shares of Bancorp by 42.4% in the third quarter. GAMMA Investing LLC now owns 1,099 shares of the bank’s stock valued at $59,000 after purchasing an additional 327 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Bancorp by 114.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after acquiring an additional 741 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

Bancorp Trading Up 0.9 %

NASDAQ TBBK opened at $61.52 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 14.31 and a beta of 1.49. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $65.84. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The business’s fifty day moving average is $55.70 and its 200-day moving average is $53.53.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Equities research analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Wall Street Analyst Weigh In

TBBK has been the topic of several recent analyst reports. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. Keefe, Bruyette & Woods raised their price target on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Piper Sandler lifted their target price on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Finally, Raymond James reissued an “outperform” rating and set a $67.00 target price (up previously from $60.00) on shares of Bancorp in a research report 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.