Bancorp Inc (TBBK) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in Bancorp Inc (NASDAQ:TBBK) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,423 shares of the bank’s stock after selling 17,093 shares during the period. Guggenheim Capital LLC owned approximately 0.29% of Bancorp worth $1,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY raised its stake in Bancorp by 31.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 33,798 shares of the bank’s stock valued at $266,000 after buying an additional 8,087 shares during the period. Two Sigma Investments LP raised its stake in Bancorp by 238.6% in the fourth quarter. Two Sigma Investments LP now owns 206,155 shares of the bank’s stock valued at $1,620,000 after buying an additional 145,275 shares during the period. A.R.T. Advisors LLC purchased a new stake in Bancorp during the fourth quarter valued at $500,000. Renaissance Technologies LLC raised its stake in Bancorp by 79.0% in the fourth quarter. Renaissance Technologies LLC now owns 165,800 shares of the bank’s stock valued at $1,303,000 after buying an additional 73,200 shares during the period. Finally, Allianz Asset Management AG purchased a new stake in Bancorp during the fourth quarter valued at $1,137,000. Hedge funds and other institutional investors own 67.98% of the company’s stock.

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

Shares of Bancorp Inc (NASDAQ:TBBK) traded up 27.47% during midday trading on Friday, reaching $6.45. The company’s stock had a trading volume of 2,427,903 shares. The stock’s market capitalization is $358.92 million. Bancorp Inc has a 12 month low of $4.41 and a 12 month high of $8.20. The stock’s 50-day moving average is $4.96 and its 200 day moving average is $6.24.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, April 27th. The bank reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The company earned $49.10 million during the quarter, compared to the consensus estimate of $44.26 million. On average, analysts expect that Bancorp Inc will post $0.34 earnings per share for the current fiscal year.

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A number of analysts recently commented on TBBK shares. BTIG Research lowered Bancorp from a “buy” rating to a “neutral” rating and set a $8.00 price objective on the stock. in a research note on Wednesday, January 4th. Vetr downgraded Bancorp from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a research report on Wednesday, January 11th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Bancorp in a research report on Wednesday, February 1st. Finally, TheStreet downgraded Bancorp from a “c-” rating to a “d” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $7.44.

Bancorp Company Profile

The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate.

5 Day Chart for NASDAQ:TBBK

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