Whittier Trust Co. of Nevada Inc. Has $3.55 Million Position in The Bancorp, Inc. (NASDAQ:TBBK)

Whittier Trust Co. of Nevada Inc. lifted its holdings in The Bancorp, Inc. (NASDAQ:TBBK) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,363 shares of the bank’s stock after acquiring an additional 2,839 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Bancorp were worth $3,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC grew its stake in Bancorp by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 30,551 shares of the bank’s stock valued at $1,634,000 after acquiring an additional 673 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Bancorp by 53.5% during the third quarter. Pathstone Holdings LLC now owns 32,126 shares of the bank’s stock worth $1,719,000 after acquiring an additional 11,197 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Bancorp by 114.4% during the third quarter. Advisors Asset Management Inc. now owns 1,389 shares of the bank’s stock valued at $74,000 after purchasing an additional 741 shares during the last quarter. Intech Investment Management LLC grew its stake in Bancorp by 136.6% in the third quarter. Intech Investment Management LLC now owns 21,191 shares of the bank’s stock valued at $1,134,000 after purchasing an additional 12,233 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Bancorp by 8.0% in the 3rd quarter. Cerity Partners LLC now owns 25,904 shares of the bank’s stock worth $1,386,000 after purchasing an additional 1,913 shares during the last quarter. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Bancorp Stock Up 0.9 %

Shares of Bancorp stock opened at $54.93 on Friday. The Bancorp, Inc. has a 12-month low of $29.92 and a 12-month high of $65.84. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average price of $56.16 and a two-hundred day moving average price of $54.57. The stock has a market capitalization of $2.64 billion, a P/E ratio of 12.77 and a beta of 1.59.

Bancorp (NASDAQ:TBBK) last posted its 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%. Equities analysts expect that The Bancorp, Inc. will post 5.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TBBK has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on Bancorp from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Piper Sandler increased their price target on shares of Bancorp from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Finally, Raymond James reaffirmed an “outperform” rating and issued a $67.00 price objective (up previously from $60.00) on shares of Bancorp in a research note on Monday, February 3rd.

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.