WINTON GROUP Ltd acquired a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 18,309 shares of the bank’s stock, valued at approximately $1,236,000.
A number of other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in shares of Bancorp by 284.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 41,996 shares of the bank’s stock valued at $3,145,000 after acquiring an additional 31,085 shares during the period. Public Sector Pension Investment Board boosted its position in Bancorp by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 179,654 shares of the bank’s stock valued at $13,454,000 after purchasing an additional 20,413 shares in the last quarter. TD Asset Management Inc purchased a new position in Bancorp in the third quarter valued at about $7,642,000. Penn Capital Management Company LLC bought a new position in Bancorp in the third quarter worth about $13,422,000. Finally, Kennedy Capital Management LLC raised its holdings in Bancorp by 57.4% in the third quarter. Kennedy Capital Management LLC now owns 281,256 shares of the bank’s stock worth $21,063,000 after purchasing an additional 102,534 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.
Insider Activity at Bancorp
In related news, EVP Erika R. Caesar sold 4,470 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $60.28, for a total transaction of $269,451.60. Following the completion of the transaction, the executive vice president directly owned 32,880 shares in the company, valued at $1,982,006.40. The trade was a 11.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Maria Wainwright sold 8,400 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the sale, the chief marketing officer directly owned 24,942 shares in the company, valued at $1,502,506.08. This represents a 25.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,370 shares of company stock worth $1,014,778 over the last three months. Company insiders own 6.00% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on TBBK
Bancorp Stock Up 0.2%
Shares of TBBK stock opened at $54.23 on Tuesday. The Bancorp, Inc. has a fifty-two week low of $49.36 and a fifty-two week high of $81.65. The firm has a market capitalization of $2.26 billion, a PE ratio of 10.55 and a beta of 1.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.89. The stock’s 50-day simple moving average is $56.61 and its 200-day simple moving average is $60.47.
Bancorp (NASDAQ:TBBK – Get Free Report) last issued its earnings results on Thursday, April 23rd. The bank reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. The firm had revenue of $132.50 million for the quarter, compared to analyst estimates of $189.17 million. Bancorp had a return on equity of 30.56% and a net margin of 26.92%. Equities analysts expect that The Bancorp, Inc. will post 5.95 earnings per share for the current year.
Bancorp Company Profile
The Bancorp, Inc (NASDAQ: TBBK) is a Delaware-chartered bank holding company that provides a range of banking and financial services to individuals, businesses, and financial institutions across the United States. Through its subsidiary, The Bancorp Bank, the company offers FDIC-insured deposit accounts, cash management solutions and specialized lending products. Its business model focuses on partnering with fintech firms, asset managers and payment processors to deliver integrated banking-as-a-service (BaaS) capabilities.
The company’s product suite includes interest-bearing and non-interest-bearing checking accounts, money market accounts, certificates of deposit and debit and credit card services.
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