Systematic Financial Management LP lifted its holdings in Bancorp Inc (NASDAQ:TBBK) by 19.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 108,330 shares of the bank’s stock after acquiring an additional 17,715 shares during the quarter. Systematic Financial Management LP’s holdings in Bancorp were worth $875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TBBK. Comerica Bank boosted its position in shares of Bancorp by 8.2% in the 1st quarter. Comerica Bank now owns 14,455 shares of the bank’s stock worth $124,000 after buying an additional 1,100 shares in the last quarter. QS Investors LLC boosted its position in Bancorp by 1.1% during the fourth quarter. QS Investors LLC now owns 120,816 shares of the bank’s stock valued at $962,000 after purchasing an additional 1,300 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in Bancorp by 3.3% during the first quarter. Virginia Retirement Systems ET AL now owns 44,400 shares of the bank’s stock valued at $359,000 after purchasing an additional 1,400 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Bancorp by 7.4% during 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 purchasing an additional 2,440 shares during the last quarter. Finally, United Services Automobile Association boosted its position in Bancorp by 17.0% during the fourth quarter. United Services Automobile Association now owns 17,186 shares of the bank’s stock valued at $137,000 after purchasing an additional 2,494 shares during the last quarter. 79.63% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TBBK traded up $0.13 on Tuesday, hitting $9.88. The company’s stock had a trading volume of 2,450 shares, compared to its average volume of 148,448. The company has a quick ratio of 0.56, a current ratio of 0.70 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $544.92 million, a price-to-earnings ratio of 14.33 and a beta of 1.30. Bancorp Inc has a one year low of $7.64 and a one year high of $11.80.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings data on Thursday, April 25th. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $64.38 million for the quarter, compared to analyst estimates of $60.19 million. Bancorp had a return on equity of 10.97% and a net margin of 29.70%. Equities research analysts expect that Bancorp Inc will post 0.95 EPS for the current year.

Several research analysts recently commented on TBBK shares. Zacks Investment Research cut Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. BidaskClub lowered Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 13th. ValuEngine lowered Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Finally, TheStreet lowered Bancorp from a “b-” rating to a “c” rating in a research note on Monday, April 8th.

ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.thecerbatgem.com/2019/05/21/systematic-financial-management-lp-increases-stake-in-bancorp-inc-tbbk.html.

Bancorp Profile

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.

Read More: Hedge Funds Explained

Want to see what other hedge funds are holding TBBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bancorp Inc (NASDAQ:TBBK).

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

Receive News & Ratings for Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.