WINTON GROUP Ltd Invests $1.24 Million in The Bancorp, Inc. $TBBK

WINTON GROUP Ltd purchased a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,309 shares of the bank’s stock, valued at approximately $1,236,000.

Several other institutional investors have also bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Bancorp by 98.2% during the 1st quarter. Royal Bank of Canada now owns 76,696 shares of the bank’s stock valued at $4,052,000 after buying an additional 37,993 shares in the last quarter. AQR Capital Management LLC raised its position in Bancorp by 15.9% during the first quarter. AQR Capital Management LLC now owns 16,734 shares of the bank’s stock valued at $884,000 after purchasing an additional 2,296 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Bancorp by 1.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,183 shares of the bank’s stock valued at $1,436,000 after purchasing an additional 518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Bancorp by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,523 shares of the bank’s stock valued at $7,795,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Bancorp by 145.8% in the 1st quarter. Jane Street Group LLC now owns 128,173 shares of the bank’s stock valued at $6,773,000 after purchasing an additional 76,027 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

Insider Activity at Bancorp

In other Bancorp news, EVP Ryan Harris sold 4,500 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $53.18, for a total value of $239,310.00. Following the completion of the sale, the executive vice president directly owned 150,516 shares in the company, valued at approximately $8,004,440.88. This represents a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Maria Wainwright sold 8,400 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $60.24, for a total value of $506,016.00. Following the transaction, the chief marketing officer directly owned 24,942 shares in the company, valued at $1,502,506.08. The trade was a 25.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 17,370 shares of company stock worth $1,014,778. Company insiders own 6.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TBBK shares. Wolfe Research set a $57.00 target price on Bancorp in a research report on Monday, February 9th. Piper Sandler started coverage on Bancorp in a research report on Thursday, March 12th. They issued an “overweight” rating and a $66.00 price target for the company. Zacks Research raised shares of Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, April 3rd. Weiss Ratings cut shares of Bancorp from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Bancorp Trading Up 0.2%

TBBK stock opened at $54.23 on Tuesday. The Bancorp, Inc. has a 12 month low of $49.36 and a 12 month high of $81.65. The firm’s 50-day moving average is $56.61 and its 200 day moving average is $60.47. The company 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 current ratio of 0.89 and a quick ratio of 0.88.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.07. The company had revenue of $132.50 million during the quarter, compared to analysts’ expectations of $189.17 million. Bancorp had a net margin of 26.92% and a return on equity of 30.56%. On average, research analysts anticipate that The Bancorp, Inc. will post 5.95 EPS for the current year.

About Bancorp

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.