Advantage Alpha Capital Partners LP Purchases 1,388 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Advantage Alpha Capital Partners LP lifted its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,182 shares of the bank’s stock after acquiring an additional 1,388 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Bancorp were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TBBK. American Century Companies Inc. increased its holdings in Bancorp by 35.9% in the fourth quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock worth $125,971,000 after purchasing an additional 631,744 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bancorp by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,362,668 shares of the bank’s stock valued at $72,914,000 after acquiring an additional 6,459 shares during the period. Franklin Resources Inc. boosted its stake 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 acquiring an additional 144,867 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Bancorp by 132.9% in the third quarter. JPMorgan Chase & Co. now owns 383,784 shares of the bank’s stock worth $20,532,000 after purchasing an additional 219,020 shares during the period. Finally, Emerald Advisers LLC acquired a new position in shares of Bancorp during the fourth quarter valued at about $17,692,000. 96.22% of the stock is owned by institutional investors and hedge funds.

Bancorp Price Performance

Shares of Bancorp stock opened at $54.93 on Monday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.77 and a beta of 1.59. The company has a fifty day moving average of $56.16 and a 200-day moving average of $54.63. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Bancorp had a return on equity of 27.33% and a net margin of 30.97%. Equities research analysts expect that The Bancorp, Inc. will post 5.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TBBK shares. Keefe, Bruyette & Woods raised their target price on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Raymond James restated an “outperform” rating and set a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a report on Monday, February 3rd. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Piper Sandler raised their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd.

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.