Goldman Sachs Group Inc. Acquires 19,932 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Goldman Sachs Group Inc. lifted its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 482,025 shares of the bank’s stock after acquiring an additional 19,932 shares during the period. Goldman Sachs Group Inc. owned approximately 0.90% of Bancorp worth $18,587,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Rhumbline Advisers raised its position in shares of Bancorp by 0.8% during the third quarter. Rhumbline Advisers now owns 160,912 shares of the bank’s stock valued at $5,551,000 after buying an additional 1,322 shares during the last quarter. Invesco Ltd. lifted its position in shares of Bancorp by 24.0% in the 3rd quarter. Invesco Ltd. now owns 219,127 shares of the bank’s stock worth $7,560,000 after acquiring an additional 42,346 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Bancorp during the 3rd quarter worth approximately $225,000. Federated Hermes Inc. increased its position in shares of Bancorp by 3,061.8% during the third quarter. Federated Hermes Inc. now owns 47,649 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 46,142 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Bancorp by 5.3% in the third quarter. Qube Research & Technologies Ltd now owns 55,110 shares of the bank’s stock valued at $1,901,000 after purchasing an additional 2,795 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bancorp news, EVP Jennifer F. Terry sold 11,256 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total value of $362,218.08. Following the transaction, the executive vice president now owns 15,262 shares of the company’s stock, valued at $491,131.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Bancorp news, Director Cheryl Creuzot sold 766 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.64, for a total value of $25,002.24. Following the completion of the sale, the director now owns 7,638 shares in the company, valued at approximately $249,304.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jennifer F. Terry sold 11,256 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $32.18, for a total transaction of $362,218.08. Following the transaction, the executive vice president now owns 15,262 shares in the company, valued at $491,131.16. The disclosure for this sale can be found here. Insiders have acquired a total of 1,706 shares of company stock worth $54,962 in the last three months. Insiders own 5.20% of the company’s stock.

Bancorp Stock Up 0.5 %

Shares of NASDAQ:TBBK opened at $35.75 on Thursday. The company’s fifty day moving average is $33.11 and its 200-day moving average is $36.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $47.11. The company has a market capitalization of $1.87 billion, a PE ratio of 9.71 and a beta of 1.42.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Friday, April 26th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $123.80 million for the quarter, compared to analyst estimates of $126.86 million. Bancorp had a net margin of 31.40% and a return on equity of 26.32%. During the same period in the previous year, the business earned $0.88 earnings per share. Equities research analysts predict that The Bancorp, Inc. will post 4.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on TBBK. StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Keefe, Bruyette & Woods dropped their price target on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating for the company in a research report on Friday, April 5th.

Bancorp 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.