2 weeks Ago By Defense World Staff
Bank of Montreal Can boosted its stake in The Bancorp, Inc. ( NASDAQ:TBBK – Free Report ) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 5,565 shares of the bank’s stock after buying an additional 418 shares during the quarter. Bank of Montreal Can’s holdings in Bancorp were worth $293,000 at the end of the most recent reporting period. A number of other institutional investors have also recently made changes to their positions in TBBK.
Smartleaf Asset Management LLC raised its stake in Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock worth $40,000 after purchasing an additional 489 shares during the period.
R Squared Ltd purchased a new position in shares of Bancorp during the fourth quarter worth $45,000. Parkside Financial Bank & Trust boosted its holdings in Bancorp by 39.3% during the 4th quarter.
Parkside Financial Bank & Trust now owns 1,502 shares of the bank’s stock valued at $79,000 after acquiring an additional 424 shares during the period. KBC Group NV increased its stake in Bancorp by 40.9% during the fourth quarter.
KBC Group NV now owns 2,137 shares of the bank’s stock worth $112,000 after purchasing an additional 620 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Bancorp in the fourth quarter valued at approximately $139,000. 96.
22% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several research firms recently commented on TBBK. Keefe, Bruyette & Woods boosted their target price on Bancorp from $66.
00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.
com raised Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th. Finally, Raymond James reiterated an “outperform” rating and set a $67.00 price target (up from $60.
00) on shares of Bancorp in a research note on Monday, February 3rd. Bancorp Trading Up 5.6 % NASDAQ:TBBK opened at $48.
38 on Thursday. The Bancorp, Inc. has a 1 year low of $29.
92 and a 1 year high of $65.84. 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 fifty day moving average price of $51.12 and a two-hundred day moving average price of $54.00.
The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.25 and a beta of 1.
26. Bancorp ( NASDAQ:TBBK – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $1.
15 earnings per share (EPS) for the quarter, beating 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%.
As a group, sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.
About Bancorp ( Free Report ) 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. Featured Stories Five stocks we like better than Bancorp What is Put Option Volume? Can IBM’s Q1 Earnings Spark a Breakout for the Stock? Roth IRA Calculator: Calculate Your Potential Returns S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry? Using the MarketBeat Stock Split Calculator Fundamentally Sound, These 5 Stocks Sold Off Anyway Want to see what other hedge funds are holding TBBK? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Bancorp, Inc. ( NASDAQ:TBBK – Free Report ). 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.
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