Janus Henderson Group PLC Sells 14,138 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Janus Henderson Group PLC cut its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 958,996 shares of the bank’s stock after selling 14,138 shares during the period. Janus Henderson Group PLC owned about 1.84% of Bancorp worth $32,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in Bancorp in the 4th quarter valued at $224,000. Raymond James & Associates boosted its stake in shares of Bancorp by 43.3% in the 4th quarter. Raymond James & Associates now owns 13,244 shares of the bank’s stock valued at $511,000 after purchasing an additional 4,002 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Bancorp by 79.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 88,285 shares of the bank’s stock worth $3,404,000 after purchasing an additional 38,961 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Bancorp by 20.0% during the 4th quarter. New York State Teachers Retirement System now owns 26,747 shares of the bank’s stock valued at $1,031,000 after purchasing an additional 4,464 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Bancorp by 33.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,696 shares of the bank’s stock valued at $374,000 after buying an additional 2,442 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.

Insider Activity

In other Bancorp news, EVP Jennifer F. Terry sold 11,256 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the completion of the sale, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at approximately $491,131.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total transaction of $362,218.08. Following the completion of the sale, the executive vice president now owns 15,262 shares in the company, valued at approximately $491,131.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cheryl Creuzot sold 766 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $32.64, for a total transaction of $25,002.24. Following the completion of the transaction, the director now owns 7,638 shares in the company, valued at $249,304.32. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 target price (up previously from $46.00) on shares of Bancorp in a research note on Monday. StockNews.com cut Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Piper Sandler lifted their price target on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday.

Bancorp Trading Up 0.4 %

NASDAQ:TBBK traded up $0.22 during trading hours on Wednesday, hitting $51.36. 94,934 shares of the stock were exchanged, compared to its average volume of 631,350. The company’s 50 day moving average is $38.58 and its two-hundred day moving average is $37.58. The company has a market capitalization of $2.68 billion, a P/E ratio of 13.90 and a beta of 1.47. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $53.18. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.19.

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.