Dimensional Fund Advisors LP lifted its stake in shares of Bancorp Inc (NASDAQ:TBBK) by 9.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,936,235 shares of the bank’s stock after buying an additional 248,998 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Bancorp worth $24,283,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Frontier Capital Management Co. LLC lifted its holdings in Bancorp by 33.2% during the third quarter. Frontier Capital Management Co. LLC now owns 2,136,489 shares of the bank’s stock worth $17,669,000 after acquiring an additional 531,976 shares during the period. State Street Corp lifted its holdings in Bancorp by 8.7% during the second quarter. State Street Corp now owns 926,777 shares of the bank’s stock worth $7,026,000 after acquiring an additional 74,299 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in Bancorp by 54.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 625,049 shares of the bank’s stock worth $5,169,000 after acquiring an additional 220,912 shares during the period. Northern Trust Corp lifted its holdings in Bancorp by 5.5% during the second quarter. Northern Trust Corp now owns 580,583 shares of the bank’s stock worth $4,401,000 after acquiring an additional 30,467 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Bancorp by 60.1% during the second quarter. Parametric Portfolio Associates LLC now owns 484,586 shares of the bank’s stock worth $3,673,000 after acquiring an additional 181,971 shares during the period. Institutional investors and hedge funds own 72.84% of the company’s stock.

A number of analysts recently commented on the company. Sandler O’Neill reiterated a “hold” rating and set a $11.00 price target on shares of Bancorp in a report on Friday, January 12th. Zacks Investment Research lowered Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 price target on shares of Bancorp in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $9.75.

Shares of Bancorp Inc (NASDAQ TBBK) opened at $10.85 on Friday. The company has a market capitalization of $606.08, a price-to-earnings ratio of 180.83 and a beta of 1.23. Bancorp Inc has a fifty-two week low of $4.41 and a fifty-two week high of $11.05. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Thursday, October 26th. The bank reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. Bancorp had a negative return on equity of 1.67% and a net margin of 2.74%. analysts anticipate that Bancorp Inc will post 0.46 EPS for the current fiscal year.

In other Bancorp news, Director Daniel G. Cohen sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $9.53, for a total value of $2,382,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Chrystal sold 62,285 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $9.65, for a total value of $601,050.25. The disclosure for this sale can be found here. Insiders own 12.40% of the company’s stock.

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Bancorp Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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