Versor Investments LP Buys 3,207 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Versor Investments LP grew its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 33.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,807 shares of the bank’s stock after acquiring an additional 3,207 shares during the quarter. Versor Investments LP’s holdings in Bancorp were worth $674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in Bancorp during the third quarter worth about $514,000. Lord Abbett & CO. LLC lifted its holdings in shares of Bancorp by 23.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock valued at $16,223,000 after purchasing an additional 56,959 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Bancorp by 55.9% during the 3rd quarter. Raymond James & Associates now owns 50,276 shares of the bank’s stock valued at $2,690,000 after purchasing an additional 18,027 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Bancorp during the 3rd quarter valued at about $2,080,000. Finally, Entropy Technologies LP lifted its holdings in shares of Bancorp by 175.4% during the 3rd quarter. Entropy Technologies LP now owns 18,997 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 12,100 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Raymond James reiterated an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

Bancorp Trading Up 0.9 %

NASDAQ TBBK opened at $55.82 on Friday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 12.98 and a beta of 1.49. The stock’s 50 day moving average price is $56.28 and its two-hundred day moving average price is $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 52 week low of $29.92 and a 52 week high of $65.84.

Bancorp (NASDAQ:TBBK) last released 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%. As a group, analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

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.