The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,639 shares of the bank’s stock after selling 10,000 shares during the quarter. Capital Investment Counsel Inc’s holdings in Bancorp were worth $2,940,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Bancorp by 7,572.1% in the 1st quarter. GAMMA Investing LLC now owns 77,411 shares of the bank’s stock worth $4,090,000 after buying an additional 76,402 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Bancorp in the 4th quarter valued at $3,474,000. Smartleaf Asset Management LLC boosted its stake in Bancorp by 191.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after purchasing an additional 489 shares during the last quarter. Emerald Advisers LLC purchased a new stake in shares of Bancorp during the fourth quarter worth $17,692,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Bancorp during the 4th quarter valued at about $521,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Trading Up 0.1%

Shares of Bancorp stock opened at $58.21 on Thursday. The Bancorp, Inc. has a fifty-two week low of $37.65 and a fifty-two week high of $65.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.14 and a beta of 1.25. The stock has a 50 day moving average of $52.31 and a 200 day moving average of $53.00.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). Bancorp had a return on equity of 27.31% and a net margin of 28.45%. The business had revenue of $175.39 million for the quarter, compared to analyst estimates of $108.88 million. As a group, research analysts predict that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TBBK shares. Wall Street Zen lowered Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods lowered Bancorp from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $70.00 to $65.00 in a report on Thursday, June 12th.

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.