Virtu Financial LLC bought a new position in shares of Bancorp Inc (NASDAQ:TBBK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,191 shares of the bank’s stock, valued at approximately $89,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in TBBK. Frontier Capital Management Co. LLC raised its holdings in shares of Bancorp by 22.1% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 4,258,794 shares of the bank’s stock valued at $40,842,000 after purchasing an additional 769,978 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Bancorp by 10.5% in the 2nd quarter. BlackRock Inc. now owns 3,561,159 shares of the bank’s stock valued at $37,250,000 after purchasing an additional 339,576 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Bancorp by 157.6% in the 2nd quarter. Millennium Management LLC now owns 536,738 shares of the bank’s stock valued at $5,614,000 after purchasing an additional 328,402 shares in the last quarter. Bridgeway Capital Management Inc. acquired a new stake in shares of Bancorp in the 3rd quarter valued at $2,937,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Bancorp by 50.2% in the 3rd quarter. Renaissance Technologies LLC now owns 537,400 shares of the bank’s stock valued at $5,154,000 after purchasing an additional 179,700 shares in the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.
Shares of TBBK opened at $8.71 on Wednesday. Bancorp Inc has a twelve month low of $7.64 and a twelve month high of $12.00. The firm has a market capitalization of $486.57 million, a PE ratio of 12.62 and a beta of 1.17. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.14.
Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.07). The firm had revenue of $47.30 million during the quarter, compared to analyst estimates of $50.19 million. Bancorp had a net margin of 23.24% and a return on equity of 11.26%. Equities analysts expect that Bancorp Inc will post 0.93 EPS for the current year.
A number of equities research analysts have recently weighed in on TBBK shares. Zacks Investment Research upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. BidaskClub upgraded shares of Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, October 18th. ValuEngine upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Finally, TheStreet upgraded shares of Bancorp from a “c” rating to a “b” rating in a report on Monday, November 26th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Bancorp has an average rating of “Hold” and a consensus target price of $9.50.
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 accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.
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