Quantbot Technologies LP Buys 21,850 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Quantbot Technologies LP lifted its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 139.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,510 shares of the bank’s stock after buying an additional 21,850 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Bancorp worth $1,974,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in shares of Bancorp in the third quarter worth about $514,000. Lord Abbett & CO. LLC raised its stake 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 worth $16,223,000 after buying an additional 56,959 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 219,020 shares during the period. Principal Financial Group Inc. raised its stake in Bancorp by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 304,609 shares of the bank’s stock valued at $16,032,000 after purchasing an additional 9,748 shares during the period. Finally, Pathstone Holdings LLC raised its stake in Bancorp by 53.5% during the 3rd quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock valued at $1,719,000 after purchasing an additional 11,197 shares during the period. Institutional investors own 96.22% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TBBK shares. Keefe, Bruyette & Woods lifted 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. Piper Sandler lifted their target price on Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Raymond James reissued an “outperform” rating and set 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

NASDAQ TBBK opened at $54.93 on Monday. The stock has a market capitalization of $2.64 billion, a PE ratio of 12.77 and a beta of 1.59. The business has a 50 day simple moving average of $56.16 and a two-hundred day simple moving average of $54.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.86. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $65.84.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share for the quarter, beating 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%. On average, research analysts predict that The Bancorp, Inc. will post 5.31 EPS 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.