Stieven Capital Advisors L.P. Lowers Stake in Bancorp Inc (TBBK)

Stieven Capital Advisors L.P. reduced its stake in Bancorp Inc (NASDAQ:TBBK) by 37.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,261 shares of the bank’s stock after selling 150,000 shares during the period. Stieven Capital Advisors L.P. owned approximately 0.45% of Bancorp worth $1,276,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of TBBK. Metropolitan Life Insurance Co. NY boosted its stake in shares of 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Bancorp by 151.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 52,870 shares of the bank’s stock valued at $339,000 after buying an additional 31,880 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Bancorp by 380.5% in the first quarter. Sei Investments Co. now owns 54,902 shares of the bank’s stock valued at $280,000 after buying an additional 43,475 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Bancorp during the fourth quarter valued at $500,000. Finally, Swiss National Bank boosted its stake in shares of Bancorp by 43.5% in the first quarter. Swiss National Bank now owns 91,100 shares of the bank’s stock valued at $465,000 after buying an additional 27,600 shares in the last quarter. Institutional investors and hedge funds own 67.98% of the company’s stock.

Institutional Ownership by Quarter for Bancorp (NASDAQ:TBBK)

Shares of Bancorp Inc (NASDAQ:TBBK) traded down 1.29% during midday trading on Monday, hitting $6.14. The company’s stock had a trading volume of 441,236 shares. Bancorp Inc has a 12-month low of $4.41 and a 12-month high of $8.20. The firm’s market cap is $341.93 million. The firm has a 50-day moving average of $5.72 and a 200 day moving average of $6.20.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Thursday, April 27th. The bank reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $49.10 million during the quarter, compared to analyst estimates of $44.26 million. On average, equities research analysts predict that Bancorp Inc will post $0.39 EPS for the current fiscal year.

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Several brokerages have weighed in on TBBK. BTIG Research reiterated a “hold” rating on shares of Bancorp in a report on Sunday, February 12th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Bancorp in a report on Wednesday, February 1st. Finally, TheStreet cut Bancorp from a “c-” rating to a “d” rating in a report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Bancorp has a consensus rating of “Hold” and an average price target of $7.44.

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).

12 Month Chart for NASDAQ:TBBK

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