Arete Wealth Advisors LLC Raises Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Arete Wealth Advisors LLC increased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,585 shares of the bank’s stock after buying an additional 242 shares during the period. Arete Wealth Advisors LLC’s holdings in Bancorp were worth $508,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TBBK. American Century Companies Inc. grew its position in shares of Bancorp by 35.9% during the 4th quarter. American Century Companies Inc. now owns 2,393,529 shares of the bank’s stock valued at $125,971,000 after acquiring an additional 631,744 shares during the period. Emerald Advisers LLC purchased a new position in Bancorp in the fourth quarter valued at approximately $17,692,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 269,660 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in Bancorp by 33.7% during the fourth 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. Finally, Franklin Resources Inc. increased its position in Bancorp by 18.6% in the third quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock worth $52,061,000 after buying an additional 144,867 shares during the last quarter. Institutional investors own 96.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price target on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Piper Sandler upped their price objective on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Finally, Raymond James reissued an “outperform” rating and issued a $67.00 price target (up previously from $60.00) on shares of Bancorp in a research report on Monday, February 3rd.

Bancorp Stock Performance

Shares of TBBK opened at $43.92 on Friday. The Bancorp, Inc. has a 52-week low of $29.92 and a 52-week high of $65.84. The stock’s 50-day simple moving average is $55.73 and its 200 day simple moving average is $54.83. 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 $2.11 billion, a price-to-earnings ratio of 10.21 and a beta of 1.26.

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

Bancorp Company 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.