Schonfeld Strategic Advisors LLC Sells 3,616 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Schonfeld Strategic Advisors LLC decreased its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 33.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,070 shares of the bank’s stock after selling 3,616 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Bancorp were worth $372,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in shares of Bancorp by 191.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after acquiring an additional 489 shares during the period. R Squared Ltd purchased a new stake in shares of Bancorp in the fourth quarter worth about $45,000. Parkside Financial Bank & Trust lifted its position in shares of Bancorp by 39.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after buying an additional 424 shares in the last quarter. KBC Group NV lifted its position in shares of Bancorp by 40.9% in the fourth quarter. KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after buying an additional 620 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Bancorp during the fourth quarter valued at approximately $139,000. Institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TBBK. Raymond James restated an “outperform” rating and set a $67.00 price objective (up from $60.00) on shares of Bancorp in a research report on Monday, February 3rd. StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bancorp from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th.

Bancorp Stock Down 1.4%

Shares of NASDAQ:TBBK opened at $51.44 on Monday. The Bancorp, Inc. has a 52-week low of $31.34 and a 52-week high of $65.84. The stock has a market cap of $2.47 billion, a P/E ratio of 11.96 and a beta of 1.31. The business’s 50 day moving average is $49.54 and its 200 day moving average is $53.52. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.03). Bancorp had a return on equity of 27.33% and a net margin of 30.97%. The firm had revenue of $175.39 million during the quarter, compared to the consensus estimate of $108.88 million. Sell-side analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current 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.