Alberta Investment Management Corp Has $4.44 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Alberta Investment Management Corp increased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 36.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,416 shares of the bank’s stock after buying an additional 22,749 shares during the period. Alberta Investment Management Corp owned 0.18% of Bancorp worth $4,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TBBK. JPMorgan Chase & Co. increased its holdings in Bancorp by 132.9% during the third quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank’s stock worth $20,532,000 after buying an additional 219,020 shares during the last quarter. Franklin Resources Inc. increased its holdings in Bancorp by 18.6% during the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after buying an additional 144,867 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of Bancorp in the third quarter valued at $6,100,000. Segall Bryant & Hamill LLC increased its holdings in shares of Bancorp by 42.3% in the third quarter. Segall Bryant & Hamill LLC now owns 238,120 shares of the bank’s stock valued at $12,739,000 after purchasing an additional 70,768 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Bancorp by 23.1% in the third quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock valued at $16,223,000 after purchasing an additional 56,959 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Down 1.2 %

TBBK stock opened at $60.02 on Thursday. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.96 and a beta of 1.49. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a 12 month low of $29.92 and a 12 month high of $65.84. The firm has a 50-day moving average price of $56.14 and a 200-day moving average price of $53.89.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. As a group, equities research analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TBBK. Piper Sandler upped their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, January 12th. Keefe, Bruyette & Woods upped their price target on shares of Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Raymond James restated an “outperform” rating and issued a $67.00 price target (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

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.