Marshall Wace LLP Has $12.75 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Marshall Wace LLP raised its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 39.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 337,578 shares of the bank’s stock after buying an additional 96,072 shares during the quarter. Marshall Wace LLP’s holdings in Bancorp were worth $12,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew 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 valued at $29,000 after acquiring an additional 291 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Bancorp by 345.7% during the first 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 last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Bancorp in the second quarter valued at about $216,000. Profund Advisors LLC acquired a new position in Bancorp in the 2nd quarter worth about $237,000. Finally, Arcus Capital Partners LLC purchased a new stake in shares of Bancorp during the 1st quarter worth about $221,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TBBK shares. Piper Sandler increased their price objective on Bancorp from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. StockNews.com downgraded shares of Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price objective (up from $46.00) on shares of Bancorp in a report on Monday, July 29th.

Bancorp Stock Up 1.5 %

Shares of Bancorp stock opened at $52.59 on Friday. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $54.97. The stock has a market capitalization of $2.57 billion, a P/E ratio of 14.29 and a beta of 1.45. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $49.90 and a two-hundred day moving average price of $39.96.

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