Kendall Capital Management Increases Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Kendall Capital Management grew its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,520 shares of the bank’s stock after purchasing an additional 2,980 shares during the quarter. Kendall Capital Management’s holdings in Bancorp were worth $764,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Arcus Capital Partners LLC increased its position in shares of Bancorp by 5.0% during the 4th quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock valued at $347,000 after purchasing an additional 315 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Bancorp by 39.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock worth $79,000 after acquiring an additional 424 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Bancorp by 191.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after acquiring an additional 489 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Bancorp by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock worth $284,000 after acquiring an additional 539 shares during the last quarter. Finally, KBC Group NV increased its holdings in Bancorp by 40.9% in the 4th quarter. KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after acquiring an additional 620 shares during the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Bancorp Stock Performance

Shares of TBBK opened at $51.58 on Monday. The company has a market cap of $2.48 billion, a PE ratio of 12.00 and a beta of 1.59. 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 stock has a 50-day moving average price of $56.19 and a 200-day moving average price of $54.55. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results 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 return on equity of 27.33% and a net margin of 30.97%. As a group, equities analysts forecast that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal 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.