Globeflex Capital L P Raises Holdings in Bancorp Inc (NASDAQ:TBBK)

Globeflex Capital L P raised its stake in shares of Bancorp Inc (NASDAQ:TBBK) by 78.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,986 shares of the bank’s stock after acquiring an additional 7,486 shares during the period. Globeflex Capital L P’s holdings in Bancorp were worth $135,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in Bancorp in the 4th quarter worth about $89,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bancorp during the 4th quarter valued at about $130,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Bancorp by 358.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,734 shares of the bank’s stock valued at $133,000 after acquiring an additional 13,083 shares during the last quarter. United Services Automobile Association boosted its position in shares of Bancorp by 17.0% during the 4th quarter. United Services Automobile Association now owns 17,186 shares of the bank’s stock valued at $137,000 after acquiring an additional 2,494 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Bancorp during the 4th quarter valued at about $161,000. Institutional investors and hedge funds own 79.36% of the company’s stock.

TBBK has been the topic of several research analyst reports. ValuEngine cut Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 20th. Zacks Investment Research raised Bancorp from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Friday, January 11th. Finally, BidaskClub cut Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 13th.

TBBK stock traded down $0.19 during midday trading on Monday, hitting $8.50. The stock had a trading volume of 76,751 shares, compared to its average volume of 140,097. The stock has a market cap of $490.72 million, a price-to-earnings ratio of 12.35 and a beta of 1.19. Bancorp Inc has a 52-week low of $7.64 and a 52-week high of $12.00. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 0.14.

Bancorp (NASDAQ:TBBK) last released its earnings results on Thursday, January 24th. The bank reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.07). The company had revenue of $47.30 million during the quarter, compared to the consensus estimate of $50.19 million. Bancorp had a return on equity of 10.83% and a net margin of 29.39%. Equities research analysts expect that Bancorp Inc will post 0.88 earnings per share for the current fiscal year.

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About Bancorp

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.

See Also: Outstanding Shares

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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