James Investment Research Inc. Acquires 810 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

James Investment Research Inc. grew its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,446 shares of the bank’s stock after purchasing an additional 810 shares during the quarter. James Investment Research Inc. owned about 0.15% of Bancorp worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TBBK. GAMMA Investing LLC boosted its position in Bancorp by 60.5% during the second quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock worth $29,000 after purchasing an additional 291 shares during the period. Blue Trust Inc. lifted its stake in shares of Bancorp by 72.3% in the third quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock worth $34,000 after buying an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Bancorp by 345.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,640 shares of the bank’s stock worth $55,000 after buying an additional 1,272 shares during the period. US Bancorp DE acquired a new position in Bancorp in the 3rd quarter valued at $83,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in Bancorp in the 2nd quarter worth $216,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.06, for a total value of $508,609.60. Following the sale, the executive vice president now owns 74,798 shares of the company’s stock, valued at $3,744,387.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Matthew Cohn purchased 545 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $50.11 per share, with a total value of $27,309.95. Following the acquisition, the director now directly owns 56,636 shares of the company’s stock, valued at approximately $2,838,029.96. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Matthew J. Wallace sold 10,160 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $50.06, for a total transaction of $508,609.60. Following the sale, the executive vice president now directly owns 74,798 shares in the company, valued at $3,744,387.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TBBK. Keefe, Bruyette & Woods restated an “outperform” rating and set a $55.00 price target (up from $46.00) on shares of Bancorp in a report on Monday, July 29th. Piper Sandler increased their target price on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Finally, StockNews.com lowered Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th.

Bancorp Price Performance

Shares of Bancorp stock opened at $49.65 on Friday. The firm has a fifty day moving average price of $52.26 and a two-hundred day moving average price of $43.35. The Bancorp, Inc. has a fifty-two week low of $29.92 and a fifty-two week high of $59.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85. The company has a market cap of $2.43 billion, a PE ratio of 12.54 and a beta of 1.46.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a return on equity of 26.63% and a net margin of 39.22%. The firm had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same period last year, the business earned $0.92 earnings per share. Analysts expect that The Bancorp, Inc. will post 4.3 EPS for the current year.

About Bancorp

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.