The Bancorp, Inc. $TBBK Stock Sold by Rosenthal Henry Capital Advisors Inc.

Rosenthal Henry Capital Advisors Inc. decreased its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,416 shares of the bank’s stock after selling 30,900 shares during the period. Bancorp comprises about 5.0% of Rosenthal Henry Capital Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Rosenthal Henry Capital Advisors Inc.’s holdings in Bancorp were worth $5,366,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Bancorp in the second quarter valued at about $25,000. Versant Capital Management Inc lifted its holdings in Bancorp by 177.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,198 shares of the bank’s stock worth $58,000 after buying an additional 766 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Bancorp by 840.4% during the 3rd quarter. Sterling Capital Management LLC now owns 1,326 shares of the bank’s stock worth $64,000 after buying an additional 1,185 shares during the last quarter. Nykredit A S acquired a new position in shares of Bancorp in the 2nd quarter worth approximately $167,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Bancorp in the 3rd quarter worth approximately $203,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Bancorp Stock Performance

Shares of TBBK stock opened at $50.42 on Thursday. The Bancorp, Inc. has a 12-month low of $47.01 and a 12-month high of $80.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.87. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 9.48 and a beta of 1.25. The business has a 50 day simple moving average of $54.38 and a 200 day simple moving average of $58.80.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. The business had revenue of $137.74 million during the quarter, compared to the consensus estimate of $166.69 million. Bancorp had a net margin of 27.72% and a return on equity of 32.32%. On average, equities research analysts anticipate that The Bancorp, Inc. will post 6.00 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TBBK shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $79.00 price target (up from $77.00) on shares of Bancorp in a report on Monday, August 3rd. Bank of America restated a “buy” rating on shares of Bancorp in a research note on Monday, July 20th. Raymond James Financial set a $88.00 target price on shares of Bancorp in a research note on Friday, August 7th. Piper Sandler reissued an “overweight” rating and set a $75.00 target price (down from $86.00) on shares of Bancorp in a report on Thursday, September 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of Bancorp in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Bancorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.75.

Insider Transactions at Bancorp

In related news, CAO Martin Egan sold 3,057 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $72.03, for a total transaction of $220,195.71. Following the completion of the transaction, the chief accounting officer owned 30,219 shares of the company’s stock, valued at $2,176,674.57. This trade represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.00% of the company’s stock.

About Bancorp

The Bancorp, Inc (NASDAQ:TBBK) is a financial technology-focused bank holding company headquartered in Wilmington, Delaware. Through its principal subsidiary, The Bancorp Bank, N.A., the company provides banking and payment services primarily through partnerships with fintech companies, businesses, and other institutional clients rather than through a traditional branch network.

The company’s services include payment processing, prepaid and debit card programs, card issuance, automated clearing house (ACH) and other electronic payment solutions, deposit accounts, and commercial lending.