California State Teachers Retirement System Has $660,000 Stake in The Bancorp, Inc. (TBBK)

California State Teachers Retirement System decreased its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 11.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,102 shares of the bank’s stock after selling 11,800 shares during the quarter. California State Teachers Retirement System owned 0.16% of The Bancorp worth $660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of The Bancorp by 55.5% during the 1st 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 in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of The Bancorp by 0.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,000 shares of the bank’s stock valued at $167,000 after buying an additional 117 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of The Bancorp by 20.4% during the 2nd quarter. Voya Investment Management LLC now owns 24,779 shares of the bank’s stock valued at $188,000 after buying an additional 4,203 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of The Bancorp by 9.6% during the 1st 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of The Bancorp by 49.2% during the 2nd quarter. Alliancebernstein L.P. now owns 39,700 shares of the bank’s stock valued at $301,000 after buying an additional 13,100 shares in the last quarter. 72.84% of the stock is currently owned by institutional investors and hedge funds.

The Bancorp, Inc. (TBBK) opened at $9.64 on Monday. The Bancorp, Inc. has a 52-week low of $4.41 and a 52-week high of $10.19. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16.

TBBK has been the topic of a number of recent analyst reports. BidaskClub lowered The Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research lowered The Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 target price on shares of The Bancorp in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The Bancorp has a consensus rating of “Buy” and a consensus target price of $8.56.

In other The Bancorp news, Director Daniel G. Cohen sold 250,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $9.53, for a total value of $2,382,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.40% of the company’s stock.

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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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