6,862 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Bought by Cynosure Group LLC

Cynosure Group LLC acquired a new stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,862 shares of the bank’s stock, valued at approximately $367,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of Bancorp by 169.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,165 shares of the bank’s stock valued at $2,844,000 after acquiring an additional 33,413 shares during the last quarter. Quantbot Technologies LP raised its position in Bancorp by 259.8% during the third quarter. Quantbot Technologies LP now owns 15,660 shares of the bank’s stock valued at $838,000 after purchasing an additional 11,308 shares during the period. Advantage Alpha Capital Partners LP lifted its stake in shares of Bancorp by 20.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 10,794 shares of the bank’s stock valued at $577,000 after purchasing an additional 1,812 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Bancorp in the 3rd quarter worth approximately $514,000. Finally, Cerity Partners LLC boosted its holdings in shares of Bancorp by 8.0% in the 3rd quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock worth $1,386,000 after purchasing an additional 1,913 shares during the period. 96.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Thomas G. Pareigat sold 5,466 shares of Bancorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.03, for a total transaction of $267,997.98. Following the completion of the sale, the executive vice president now owns 73,114 shares of the company’s stock, valued at approximately $3,584,779.42. The trade was a 6.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew Cohn acquired 545 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $50.11 per share, for a total transaction of $27,309.95. Following the purchase, the director now owns 56,636 shares of the company’s stock, valued at $2,838,029.96. This represents a 0.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 26,983 shares of company stock valued at $1,345,366. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research report on Monday.

Bancorp Stock Up 0.4 %

Shares of NASDAQ TBBK opened at $59.05 on Friday. The Bancorp, Inc. has a 1 year low of $29.92 and a 1 year high of $61.17. The firm has a 50-day simple moving average of $54.14 and a two-hundred day simple moving average of $46.46. The company has a market cap of $2.83 billion, a P/E ratio of 14.91 and a beta of 1.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.88 and a quick ratio of 0.85.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). The business had revenue of $125.84 million for the quarter, compared to the consensus estimate of $131.34 million. Bancorp had a return on equity of 26.63% and a net margin of 30.97%. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts anticipate that The Bancorp, Inc. will post 4.3 earnings per share 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.