Lisanti Capital Growth LLC Has $5.68 Million Stock Holdings in The Bancorp, Inc. (NASDAQ:TBBK)

Lisanti Capital Growth LLC trimmed its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 29.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 147,295 shares of the bank’s stock after selling 61,630 shares during the period. Bancorp makes up about 1.3% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 20th biggest position. Lisanti Capital Growth LLC’s holdings in Bancorp were worth $5,680,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Bancorp by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 468,733 shares of the bank’s stock worth $16,171,000 after purchasing an additional 15,430 shares during the period. New York State Teachers Retirement System grew its position in Bancorp by 26.0% in the third quarter. New York State Teachers Retirement System now owns 22,283 shares of the bank’s stock valued at $769,000 after acquiring an additional 4,600 shares during the period. Roubaix Capital LLC bought a new stake in Bancorp in the third quarter valued at $3,064,000. Whittier Trust Co. raised its stake in Bancorp by 4.3% during the third quarter. Whittier Trust Co. now owns 124,468 shares of the bank’s stock worth $4,294,000 after acquiring an additional 5,124 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Bancorp by 2.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 67,176 shares of the bank’s stock valued at $2,318,000 after acquiring an additional 1,737 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TBBK. Keefe, Bruyette & Woods lowered their target price on shares of Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, April 5th. Raymond James upped their price objective on shares of Bancorp from $42.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, April 29th.

Bancorp Price Performance

Shares of NASDAQ TBBK traded up $0.37 during trading on Monday, reaching $32.29. The company had a trading volume of 486,832 shares, compared to its average volume of 657,683. The Bancorp, Inc. has a 52 week low of $28.41 and a 52 week high of $47.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.02. The business’s 50 day moving average price is $34.52 and its 200-day moving average price is $37.87. The stock has a market cap of $1.69 billion, a PE ratio of 8.77 and a beta of 1.43.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Friday, April 26th. The bank reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same period last year, the business posted $0.88 EPS. Analysts expect that The Bancorp, Inc. will post 4.51 earnings per share for the current year.

Insider Buying and Selling at Bancorp

In other Bancorp news, Director Stephanie B. Mudick acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the completion of the acquisition, the director now directly owns 31,584 shares of the company’s stock, valued at approximately $1,172,082.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Jennifer F. Terry sold 11,256 shares of Bancorp stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $32.18, for a total transaction of $362,218.08. Following the transaction, the executive vice president now directly owns 15,262 shares of the company’s stock, valued at $491,131.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephanie B. Mudick acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $37.11 per share, with a total value of $74,220.00. Following the transaction, the director now owns 31,584 shares in the company, valued at $1,172,082.24. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,191 shares of company stock worth $181,664. Company insiders own 5.20% of the company’s stock.

Bancorp Company 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.