Dynamic Technology Lab Private Ltd Acquires Shares of 28,130 The Bancorp, Inc. (TBBK)

Dynamic Technology Lab Private Ltd acquired a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,130 shares of the bank’s stock, valued at approximately $232,000. Dynamic Technology Lab Private Ltd owned approximately 0.05% of The Bancorp at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its holdings in shares of The Bancorp by 22.9% in the 1st quarter. California Public Employees Retirement System now owns 189,700 shares of the bank’s stock valued at $967,000 after acquiring an additional 35,300 shares during the period. Vanguard Group Inc. increased its holdings in shares of The Bancorp by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 2,087,441 shares of the bank’s stock valued at $10,646,000 after acquiring an additional 90,800 shares during the period. Geode Capital Management LLC increased its holdings in shares of The Bancorp by 3.6% in the 1st quarter. Geode Capital Management LLC now owns 434,857 shares of the bank’s stock valued at $2,217,000 after acquiring an additional 15,139 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of The Bancorp by 6.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,453,786 shares of the bank’s stock valued at $12,514,000 after acquiring an additional 148,942 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of The Bancorp by 66.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,359 shares of the bank’s stock valued at $1,226,000 after acquiring an additional 95,644 shares during the period. 72.84% of the stock is currently owned by institutional investors.

The Bancorp, Inc. (NASDAQ TBBK) opened at $9.64 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a 12 month low of $4.41 and a 12 month high of $10.19.

TBBK has been the topic of a number of recent research reports. BidaskClub raised shares of The Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 target price on shares of The Bancorp in a report on Friday, November 10th. Finally, Zacks Investment Research raised shares of The Bancorp from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The Bancorp has an average 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 business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $9.53, for a total value of $2,382,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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).

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

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