AQR Capital Management LLC Has $860,000 Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

AQR Capital Management LLC lessened its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 52.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,769 shares of the bank’s stock after selling 25,516 shares during the quarter. AQR Capital Management LLC’s holdings in Bancorp were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position 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 buying an additional 291 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Bancorp by 345.7% during 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 period. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Bancorp during the 2nd quarter worth approximately $216,000. Arcus Capital Partners LLC acquired a new stake 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% during the 1st quarter. SG Americas Securities LLC now owns 6,689 shares of the bank’s stock worth $224,000 after acquiring an additional 877 shares during the last quarter. Institutional investors and hedge funds own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Bancorp Price Performance

Shares of TBBK opened at $55.13 on Friday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 14.98 and a beta of 1.45. The Bancorp, Inc. has a 1-year low of $29.92 and a 1-year high of $55.67. The company’s fifty day simple moving average is $50.39 and its 200 day simple moving average is $41.30. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, July 25th. The bank reported $1.07 EPS 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. On average, research analysts forecast that The Bancorp, Inc. will post 4.37 earnings per share 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.