Russell Investments Group Ltd. decreased its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 20.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 361,504 shares of the bank’s stock after selling 92,147 shares during the period. Russell Investments Group Ltd. owned about 0.65% of The Bancorp worth $2,740,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. boosted its position in The Bancorp by 51.8% in the first quarter. American International Group Inc. now owns 30,605 shares of the bank’s stock valued at $156,000 after buying an additional 10,447 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in The Bancorp by 55.5% in the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank’s stock valued at $156,000 after buying an additional 10,895 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in The Bancorp by 9.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock valued at $189,000 after buying an additional 3,261 shares during the last quarter. Sei Investments Co. boosted its position in The Bancorp by 380.5% in the first quarter. Sei Investments Co. now owns 54,902 shares of the bank’s stock valued at $280,000 after buying an additional 43,475 shares during the last quarter. Finally, Swiss National Bank boosted its position in The Bancorp by 43.5% in the first quarter. Swiss National Bank now owns 91,100 shares of the bank’s stock valued at $465,000 after buying an additional 27,600 shares during the last quarter. Institutional investors own 74.94% of the company’s stock.

Shares of The Bancorp, Inc. (NASDAQ:TBBK) traded down 0.89% during midday trading on Thursday, hitting $7.78. The stock had a trading volume of 160,719 shares. The company’s market cap is $433.79 million. The firm has a 50 day moving average of $7.64 and a 200-day moving average of $6.27. The Bancorp, Inc. has a one year low of $4.41 and a one year high of $8.20.

The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The Bancorp had a negative net margin of 16.27% and a negative return on equity of 4.27%. The business had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. On average, analysts forecast that The Bancorp, Inc. will post $0.48 earnings per share for the current fiscal year.

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Several research firms have issued reports on TBBK. Zacks Investment Research upgraded The Bancorp from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Wednesday, June 7th. BidaskClub lowered The Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. UBS AG raised The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Raymond James Financial, Inc. raised The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Finally, TheStreet raised The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.75.

In related news, EVP Ron J. Wechsler sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $7.61, for a total transaction of $38,050.00. Following the transaction, the executive vice president now owns 43,299 shares in the company, valued at $329,505.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Leo Connolly acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average price of $6.57 per share, for a total transaction of $262,800.00. Following the purchase, the executive vice president now directly owns 44,762 shares of the company’s stock, valued at $294,086.34. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 423,198 shares of company stock worth $3,057,987 and have sold 216,973 shares worth $1,507,263. 12.40% of the stock is owned by company insiders.

The Bancorp Company Profile

The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).

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Institutional Ownership by Quarter for The Bancorp (NASDAQ:TBBK)

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