Quantbot Technologies LP Raises Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Quantbot Technologies LP lifted its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 259.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,660 shares of the bank’s stock after buying an additional 11,308 shares during the quarter. Quantbot Technologies LP’s holdings in Bancorp were worth $838,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Bancorp by 72.3% in the 3rd quarter. Blue Trust Inc. now owns 627 shares of the bank’s stock valued at $34,000 after acquiring an additional 263 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Bancorp by 60.5% in the 2nd quarter. GAMMA Investing LLC now owns 772 shares of the bank’s stock worth $29,000 after purchasing an additional 291 shares during the period. Advisors Asset Management Inc. raised its holdings in Bancorp by 114.4% in the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after buying an additional 741 shares during the period. US Bancorp DE purchased a new stake in Bancorp during the 3rd quarter worth $83,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 valued at $55,000 after buying an additional 1,272 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

Bancorp Trading Down 1.0 %

Shares of NASDAQ:TBBK opened at $58.43 on Monday. The Bancorp, Inc. has a twelve month low of $29.92 and a twelve month high of $61.17. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $54.34 and a 200-day moving average of $46.90. The firm has a market cap of $2.80 billion, a P/E ratio of 14.76 and a beta of 1.46.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.08). Bancorp had a net margin of 30.97% and a return on equity of 26.63%. The company had revenue of $125.84 million for the quarter, compared to analyst estimates of $131.34 million. During the same quarter last year, the company posted $0.92 EPS. As a group, analysts anticipate that The Bancorp, Inc. will post 4.3 earnings per share for the current fiscal year.

Insider Activity at Bancorp

In other Bancorp news, CMO Maria Wainwright sold 11,357 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $50.08, for a total transaction of $568,758.56. Following the completion of the transaction, the chief marketing officer now owns 23,291 shares of the company’s stock, valued at $1,166,413.28. The trade was a 32.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Cohn acquired 545 shares of Bancorp stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of $50.11 per share, with a total value of $27,309.95. Following the completion of the transaction, the director now directly owns 56,636 shares of the company’s stock, valued at $2,838,029.96. This trade represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 26,983 shares of company stock valued at $1,345,366. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, November 25th.

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.