Anderson Hoagland & Co. decreased its position in Bancorp Inc (NASDAQ:TBBK) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,752 shares of the bank’s stock after selling 2,091 shares during the quarter. Anderson Hoagland & Co. owned 0.21% of Bancorp worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBBK. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Bancorp in the 1st quarter valued at about $85,000. Panagora Asset Management Inc. raised its stake in shares of Bancorp by 3,288.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 10,945 shares of the bank’s stock valued at $98,000 after purchasing an additional 10,622 shares during the period. BerganKDV Wealth Management LLC raised its stake in shares of Bancorp by 21.8% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,090 shares during the period. Capital Investment Counsel Inc raised its stake in shares of Bancorp by 23.8% in the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,381 shares during the period. Finally, Comerica Bank raised its stake in shares of Bancorp by 8.2% in the 1st quarter. Comerica Bank now owns 14,455 shares of the bank’s stock valued at $124,000 after purchasing an additional 1,100 shares during the period. 78.91% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on TBBK shares. BidaskClub raised Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Zacks Investment Research cut Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, September 7th. Finally, ValuEngine cut Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Shares of NASDAQ TBBK traded up $0.01 during mid-day trading on Wednesday, hitting $9.70. The company had a trading volume of 85,852 shares, compared to its average volume of 167,580. The company has a market capitalization of $556.40 million, a PE ratio of 14.06 and a beta of 1.26. The firm has a 50-day simple moving average of $9.63 and a two-hundred day simple moving average of $9.29. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.12. Bancorp Inc has a one year low of $7.64 and a one year high of $10.87.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, July 25th. The bank reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $54.29 million during the quarter, compared to analysts’ expectations of $52.99 million. Bancorp had a return on equity of 11.42% and a net margin of 30.27%. Sell-side analysts expect that Bancorp Inc will post 0.95 earnings per share for the current fiscal year.

Bancorp Profile

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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