Los Angeles Capital Management LLC Has $1.33 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Los Angeles Capital Management LLC reduced its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 17.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,217 shares of the bank’s stock after selling 5,315 shares during the period. Los Angeles Capital Management LLC’s holdings in Bancorp were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Bancorp by 72.3% in the third 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 stake in Bancorp during the fourth quarter worth about $45,000. Point72 DIFC Ltd bought a new position in shares of Bancorp in the third quarter worth about $54,000. Advisors Asset Management Inc. lifted its holdings in shares of Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock worth $74,000 after acquiring an additional 741 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Bancorp in the third quarter worth about $77,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TBBK has been the subject of several recent research reports. Keefe, Bruyette & Woods upped their price objective on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, January 12th. 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 reaffirmed an “outperform” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

Bancorp Stock Performance

NASDAQ:TBBK opened at $55.82 on Friday. The company has a market capitalization of $2.68 billion, a PE ratio of 12.98 and a beta of 1.49. The company has a 50 day simple moving average of $56.28 and a two-hundred day simple moving average of $54.22. 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 fifty-two week low of $29.92 and a fifty-two week high of $65.84.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. Research analysts anticipate that The Bancorp, Inc. will post 5.31 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.