Epoch Investment Partners Inc. Has $3.83 Million Stake in The Bancorp, Inc. (NASDAQ:TBBK)

Epoch Investment Partners Inc. lowered its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 65.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 72,800 shares of the bank’s stock after selling 137,437 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Bancorp were worth $3,831,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp bought a new position in shares of Bancorp in the 3rd quarter valued at about $729,000. Barclays PLC boosted its stake in Bancorp by 34.1% in the third quarter. Barclays PLC now owns 140,844 shares of the bank’s stock valued at $7,536,000 after acquiring an additional 35,777 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Bancorp during the 3rd quarter worth $300,000. Franklin Resources Inc. raised its position in shares of Bancorp by 18.6% during the 3rd quarter. Franklin Resources Inc. now owns 925,370 shares of the bank’s stock valued at $52,061,000 after acquiring an additional 144,867 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in shares of Bancorp by 23.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 303,239 shares of the bank’s stock valued at $16,223,000 after purchasing an additional 56,959 shares during the period. Institutional investors own 96.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TBBK. Raymond James reaffirmed an “outperform” rating and set a $67.00 price objective (up from $60.00) on shares of Bancorp in a research note on Monday, February 3rd. Piper Sandler upped their price target on 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 lifted 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, March 6th.

Bancorp Trading Down 0.1 %

NASDAQ TBBK opened at $45.60 on Monday. The stock’s 50-day moving average is $52.03 and its 200-day moving average is $54.17. The Bancorp, Inc. has a one year low of $29.92 and a one 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. The firm has a market cap of $2.19 billion, a P/E ratio of 10.60 and a beta of 1.26.

Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, January 30th. The bank reported $1.15 earnings per share 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%. Sell-side analysts anticipate that The Bancorp, Inc. will post 5.31 earnings per share for the current fiscal year.

About Bancorp

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.