Lisanti Capital Growth LLC Lowers Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Lisanti Capital Growth LLC lowered its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 64.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,895 shares of the bank’s stock after selling 73,130 shares during the quarter. Lisanti Capital Growth LLC owned 0.09% of Bancorp worth $2,152,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arcus Capital Partners LLC increased its position in Bancorp by 5.0% during the fourth quarter. Arcus Capital Partners LLC now owns 6,600 shares of the bank’s stock valued at $347,000 after acquiring an additional 315 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Bancorp by 39.3% during the fourth 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 last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Bancorp by 191.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 744 shares of the bank’s stock valued at $40,000 after purchasing an additional 489 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Bancorp by 11.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,403 shares of the bank’s stock valued at $284,000 after purchasing an additional 539 shares during the period. Finally, KBC Group NV boosted its stake in shares of Bancorp by 40.9% during the fourth quarter. KBC Group NV now owns 2,137 shares of the bank’s stock valued at $112,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Analyst Upgrades and Downgrades

TBBK has been the subject of a number of recent analyst reports. Raymond James reissued an “outperform” rating and set a $67.00 target price (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Piper Sandler boosted their target price on shares of Bancorp from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Bancorp from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday.

Bancorp Stock Down 1.0 %

NASDAQ:TBBK opened at $50.72 on Friday. The firm has a market cap of $2.43 billion, a PE ratio of 11.80 and a beta of 1.49. The company has a 50-day moving average of $56.30 and a 200 day moving average of $54.47. 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 current ratio of 0.89 and a quick ratio of 0.86.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 EPS for the quarter, beating the consensus estimate 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, research analysts anticipate that The Bancorp, Inc. will post 5.31 EPS for the current fiscal year.

Bancorp Profile

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.