Los Angeles Capital Management & Equity Research Inc. Acquires 2,440 Shares of Bancorp Inc (TBBK)

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Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Bancorp Inc (NASDAQ:TBBK) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,250 shares of the bank’s stock after acquiring an additional 2,440 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.06% of Bancorp worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. lifted its position in Bancorp by 2.0% during the 4th quarter. BlackRock Inc. now owns 3,684,587 shares of the bank’s stock valued at $29,329,000 after acquiring an additional 71,966 shares during the period. Dimensional Fund Advisors LP lifted its position in Bancorp by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,599,652 shares of the bank’s stock valued at $34,521,000 after acquiring an additional 151,079 shares during the period. Wells Fargo & Company MN lifted its position in Bancorp by 8.1% during the 3rd quarter. Wells Fargo & Company MN now owns 2,040,005 shares of the bank’s stock valued at $19,563,000 after acquiring an additional 152,896 shares during the period. Rutabaga Capital Management LLC MA raised its holdings in Bancorp by 4.3% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,596,821 shares of the bank’s stock worth $15,314,000 after buying an additional 65,967 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Bancorp by 10.0% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 920,443 shares of the bank’s stock worth $7,327,000 after buying an additional 83,491 shares during the last quarter. 79.39% of the stock is owned by institutional investors.

Shares of Bancorp stock opened at $8.80 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.67 and a quick ratio of 0.59. The stock has a market capitalization of $496.73 million, a price-to-earnings ratio of 12.75 and a beta of 1.21. Bancorp Inc has a 52-week low of $7.64 and a 52-week high of $12.00.

Bancorp (NASDAQ:TBBK) last issued its earnings results on Thursday, January 24th. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $47.30 million during the quarter, compared to analysts’ expectations of $50.19 million. Bancorp had a return on equity of 11.26% and a net margin of 23.24%. As a group, research analysts predict that Bancorp Inc will post 0.93 EPS for the current year.

TBBK has been the subject of several recent analyst reports. TheStreet raised shares of Bancorp from a “c” rating to a “b” rating in a report on Monday, November 26th. Zacks Investment Research raised shares of Bancorp from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a report on Friday, January 11th. 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 accounts, savings accounts, money market accounts, commercial accounts, and retirement accounts.

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Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

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