Bancorp Inc (NASDAQ:TBBK) Holdings Reduced by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of Bancorp Inc (NASDAQ:TBBK) by 23.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 303,956 shares of the bank’s stock after selling 91,316 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.54% of Bancorp worth $2,419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. QS Investors LLC raised its holdings in Bancorp by 1.1% in the fourth quarter. QS Investors LLC now owns 120,816 shares of the bank’s stock valued at $962,000 after acquiring an additional 1,300 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Bancorp by 7.4% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,250 shares of the bank’s stock valued at $281,000 after acquiring an additional 2,440 shares in the last quarter. United Services Automobile Association raised its holdings in Bancorp by 17.0% in the fourth 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 in the last quarter. Squarepoint Ops LLC raised its holdings in Bancorp by 7.0% in the fourth quarter. Squarepoint Ops LLC now owns 92,826 shares of the bank’s stock valued at $739,000 after acquiring an additional 6,084 shares in the last quarter. Finally, Bailard Inc. raised its holdings in Bancorp by 10.2% in the third quarter. Bailard Inc. now owns 70,500 shares of the bank’s stock valued at $676,000 after acquiring an additional 6,500 shares in the last quarter. 79.36% of the stock is currently owned by institutional investors and hedge funds.

TBBK stock traded down $0.18 during midday trading on Friday, reaching $8.33. 123,877 shares of the company were exchanged, compared to its average volume of 124,173. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 0.14. Bancorp Inc has a 1-year low of $7.64 and a 1-year high of $12.00. The stock has a market cap of $470.38 million, a P/E ratio of 12.07 and a beta of 1.19.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, January 24th. The bank reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Bancorp had a return on equity of 10.83% and a net margin of 29.39%. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $50.19 million. On average, equities research analysts predict that Bancorp Inc will post 0.88 earnings per share for the current year.

A number of analysts have weighed in on TBBK shares. Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Friday, January 11th. TheStreet cut shares of Bancorp from a “b-” rating to a “c” rating in a report on Monday, April 8th. BidaskClub raised shares of Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Finally, ValuEngine raised shares of Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd.

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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.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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