The Bancorp, Inc. (TBBK) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its position in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,056,080 shares of the bank’s stock after selling 31,361 shares during the period. Vanguard Group Inc. owned approximately 3.69% of The Bancorp worth $15,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American International Group Inc. raised its position in The Bancorp by 51.8% during the first quarter. American International Group Inc. now owns 30,605 shares of the bank’s stock valued at $156,000 after purchasing an additional 10,447 shares in the last quarter. Goldman Sachs Group Inc. raised its position in The Bancorp by 55.5% during the first quarter. Goldman Sachs Group Inc. now owns 30,510 shares of the bank’s stock valued at $156,000 after purchasing an additional 10,895 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in The Bancorp by 0.5% during the second quarter. UBS Asset Management Americas Inc. now owns 22,000 shares of the bank’s stock valued at $167,000 after purchasing an additional 117 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in The Bancorp by 9.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 37,059 shares of the bank’s stock valued at $189,000 after purchasing an additional 3,261 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of The Bancorp by 49.2% during the second quarter. Alliancebernstein L.P. now owns 39,700 shares of the bank’s stock worth $301,000 after buying an additional 13,100 shares in the last quarter. Institutional investors and hedge funds own 77.14% of the company’s stock.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of The Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. UBS AG upgraded shares of The Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, July 31st. Raymond James Financial, Inc. upgraded shares of The Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $9.00 price target on shares of The Bancorp in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.56.

The Bancorp, Inc. (NASDAQ:TBBK) opened at $9.71 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.50 and a current ratio of 0.60. The Bancorp, Inc. has a 1-year low of $4.41 and a 1-year high of $9.80.

In related news, EVP Ron J. Wechsler sold 5,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $7.61, for a total value of $38,050.00. Following the completion of the sale, the executive vice president now directly owns 43,299 shares in the company, valued at $329,505.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is currently owned by corporate insiders.

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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