BNP Paribas Arbitrage SA decreased its position in shares of Bancorp Inc (NASDAQ:TBBK) by 60.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,032 shares of the bank’s stock after selling 9,120 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Bancorp were worth $54,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in TBBK. New York State Teachers Retirement System bought a new stake in shares of Bancorp in the 1st quarter valued at $36,000. BerganKDV Wealth Management LLC grew its position in Bancorp by 31.3% in the 1st quarter. BerganKDV Wealth Management LLC now owns 9,607 shares of the bank’s stock valued at $78,000 after purchasing an additional 2,292 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Bancorp in the 1st quarter valued at $85,000. Capital Investment Counsel Inc grew its position in Bancorp by 23.8% in the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,381 shares during the period. Finally, Comerica Bank grew its position in Bancorp by 8.2% in the 1st quarter. Comerica Bank now owns 14,455 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 78.91% of the company’s stock.
Several analysts recently issued reports on the stock. TheStreet raised shares of Bancorp from a “c” rating to a “b” rating in a research report on Monday, June 3rd. BidaskClub raised shares of Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday. ValuEngine raised shares of Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, September 7th.
Shares of NASDAQ:TBBK traded up $0.17 during midday trading on Friday, reaching $10.22. The company had a trading volume of 344,763 shares, compared to its average volume of 168,540. The company’s 50 day moving average price is $9.44 and its 200 day moving average price is $9.15. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.12. The stock has a market cap of $544.47 million, a P/E ratio of 14.83 and a beta of 1.28. Bancorp Inc has a 52-week low of $7.64 and a 52-week high of $10.87.
Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. Bancorp had a return on equity of 11.42% and a net margin of 30.27%. The business had revenue of $54.29 million for the quarter, compared to analysts’ expectations of $52.99 million. Research analysts forecast that Bancorp Inc will post 0.95 EPS for the current fiscal year.
The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.
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