XTX Topco Ltd Purchases 12,818 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

XTX Topco Ltd boosted its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 131.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,561 shares of the bank’s stock after buying an additional 12,818 shares during the quarter. XTX Topco Ltd’s holdings in Bancorp were worth $852,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Bancorp by 60.5% in the second quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock valued at $29,000 after buying an additional 291 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Bancorp by 345.7% in 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 last quarter. Quest Partners LLC purchased a new stake in Bancorp during the fourth quarter worth about $115,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Bancorp during the 2nd quarter worth approximately $216,000. Finally, Arcus Capital Partners LLC purchased a new stake in Bancorp in the first quarter worth $221,000. 96.22% of the stock is owned by institutional investors.

Bancorp Stock Performance

Shares of TBBK stock opened at $53.11 on Monday. The company’s 50-day moving average is $49.47 and its 200 day moving average is $39.44. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $54.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.84 and a current ratio of 0.88. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 14.43 and a beta of 1.45.

Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, July 25th. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The company had revenue of $124.52 million during the quarter, compared to the consensus estimate of $127.45 million. Bancorp had a return on equity of 26.81% and a net margin of 31.52%. Sell-side analysts expect that The Bancorp, Inc. will post 4.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $55.00 target price (up previously from $46.00) on shares of Bancorp in a report on Monday, July 29th. Piper Sandler raised their price objective on shares of Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, StockNews.com downgraded Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th.

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.