The Bancorp, Inc. (NASDAQ:TBBK) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,727 shares of the bank’s stock after selling 902 shares during the period. Silvercrest Asset Management Group LLC owned about 0.28% of Bancorp worth $7,091,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arete Wealth Advisors LLC increased its stake in Bancorp by 2.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 9,585 shares of the bank’s stock worth $508,000 after purchasing an additional 242 shares during the period. Napa Wealth Management grew its holdings in shares of Bancorp by 3.8% in the fourth quarter. Napa Wealth Management now owns 6,940 shares of the bank’s stock valued at $365,000 after purchasing an additional 255 shares in the last quarter. Arcus Capital Partners LLC increased its stake in Bancorp by 5.0% during the 4th quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock worth $347,000 after buying an additional 315 shares during the period. Envestnet Asset Management Inc. increased its stake in Bancorp by 3.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,074 shares of the bank’s stock worth $635,000 after buying an additional 408 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Bancorp by 8.1% during the 4th quarter. Bank of Montreal Can now owns 5,565 shares of the bank’s stock worth $293,000 after buying an additional 418 shares in the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Keefe, Bruyette & Woods decreased their target price on Bancorp from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, Raymond James restated an “outperform” rating and set a $67.00 price target (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd.

Bancorp Stock Down 0.8%

Shares of Bancorp stock opened at $53.93 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a 52-week low of $31.34 and a 52-week high of $65.84. The company has a market capitalization of $2.52 billion, a P/E ratio of 12.54 and a beta of 1.31. The company has a 50 day moving average of $49.91 and a 200 day moving average of $53.69.

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