2,646 Shares in The Bancorp, Inc. (NASDAQ:TBBK) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in The Bancorp, Inc. (NASDAQ:TBBK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,646 shares of the bank’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P raised its holdings in shares of Bancorp by 33.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 715,952 shares of the bank’s stock valued at $37,681,000 after purchasing an additional 180,586 shares during the period. JPMorgan Chase & Co. raised its stake in Bancorp by 70.3% in the fourth quarter. JPMorgan Chase & Co. now owns 653,444 shares of the bank’s stock valued at $34,391,000 after buying an additional 269,660 shares during the period. Sheets Smith Investment Management acquired a new stake in shares of Bancorp in the fourth quarter valued at approximately $1,251,000. Advantage Alpha Capital Partners LP boosted its stake in shares of Bancorp by 12.9% during the 4th 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 during the period. Finally, Emerald Advisers LLC acquired a new position in shares of Bancorp during the 4th quarter worth approximately $17,692,000. Institutional investors own 96.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Bancorp Trading Up 2.3 %

TBBK stock opened at $54.76 on Thursday. The Bancorp, Inc. has a 52 week low of $29.92 and a 52 week high of $65.84. The company has a market capitalization of $2.63 billion, a PE ratio of 12.73 and a beta of 1.59. The company’s 50-day simple moving average is $56.09 and its 200 day simple moving average is $54.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.89.

Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, January 30th. The bank reported $1.15 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, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 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.