Segall Bryant & Hamill LLC Lowers Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Segall Bryant & Hamill LLC lessened its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,963 shares of the bank’s stock after selling 3,157 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.49% of Bancorp worth $12,366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sheets Smith Investment Management bought a new stake in shares of Bancorp in the 4th quarter worth approximately $1,251,000. Advantage Alpha Capital Partners LP boosted its holdings in Bancorp by 12.9% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 12,182 shares of the bank’s stock worth $641,000 after acquiring an additional 1,388 shares in the last quarter. Emerald Advisers LLC purchased a new stake in shares of Bancorp in the fourth quarter worth $17,692,000. LPL Financial LLC increased its holdings in shares of Bancorp by 52.1% during the fourth quarter. LPL Financial LLC now owns 9,230 shares of the bank’s stock valued at $486,000 after acquiring an additional 3,163 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Bancorp in the 4th quarter worth about $521,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Price Performance

TBBK opened at $56.33 on Wednesday. The company’s 50-day simple moving average is $56.34 and its two-hundred day simple moving average is $54.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a market capitalization of $2.71 billion, a P/E ratio of 13.10 and a beta of 1.59. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Bancorp had a net margin of 30.97% and a return on equity of 27.33%. As a group, analysts predict that The Bancorp, Inc. will post 5.31 EPS for the current year.

Wall Street Analysts Forecast Growth

TBBK has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 6th. Raymond James restated an “outperform” rating and issued a $67.00 price objective (up from $60.00) on shares of Bancorp in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods increased their target price on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

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.