Public Employees Retirement Association of Colorado Has $270,000 Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Public Employees Retirement Association of Colorado trimmed its position in The Bancorp, Inc. (NASDAQ:TBBK) by 18.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,162 shares of the bank’s stock after selling 1,595 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Bancorp were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Bancorp by 60.5% during the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock worth $29,000 after acquiring an additional 291 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 valued at $55,000 after purchasing an additional 1,272 shares during the period. Mesirow Financial Investment Management Inc. acquired a new position in shares of Bancorp in the 2nd quarter worth approximately $216,000. Arcus Capital Partners LLC bought a new position in shares of Bancorp during the 1st quarter worth approximately $221,000. Finally, SG Americas Securities LLC boosted its stake in Bancorp by 15.1% in the 1st quarter. SG Americas Securities LLC now owns 6,689 shares of the bank’s stock valued at $224,000 after buying an additional 877 shares in the last quarter. 96.22% of the stock is owned by institutional investors.

Bancorp Trading Up 1.5 %

Shares of TBBK opened at $52.59 on Friday. 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 cap of $2.57 billion, a price-to-earnings ratio of 14.29 and a beta of 1.45. The stock has a fifty day moving average price of $49.90 and a two-hundred day moving average price of $39.96. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $54.97.

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

Analyst Ratings Changes

Several research firms have issued reports on TBBK. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $55.00 price objective (up from $46.00) on shares of Bancorp in a research note on Monday, July 29th. Piper Sandler lifted their price target on shares of Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, StockNews.com lowered shares of Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th.

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.