Hsbc Holdings PLC Takes $596,000 Position in The Bancorp, Inc. (NASDAQ:TBBK)

Hsbc Holdings PLC bought a new position in shares of The Bancorp, Inc. (NASDAQ:TBBK) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,278 shares of the bank’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBBK. FMR LLC raised its holdings in shares of Bancorp by 3.3% in the 3rd quarter. FMR LLC now owns 4,879,852 shares of the bank’s stock valued at $168,355,000 after purchasing an additional 157,987 shares during the period. Brown Advisory Inc. lifted its position in shares of Bancorp by 6.7% in the fourth quarter. Brown Advisory Inc. now owns 1,542,256 shares of the bank’s stock valued at $59,469,000 after buying an additional 96,551 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Bancorp by 21.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,036,922 shares of the bank’s stock worth $39,984,000 after acquiring an additional 184,647 shares during the period. American Century Companies Inc. increased its holdings in shares of Bancorp by 21.9% during the 3rd quarter. American Century Companies Inc. now owns 980,410 shares of the bank’s stock worth $33,824,000 after acquiring an additional 175,854 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Bancorp by 80.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 725,573 shares of the bank’s stock valued at $25,032,000 after acquiring an additional 323,986 shares during the period. 96.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Stephanie B. Mudick bought 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $37.11 per share, for a total transaction of $74,220.00. Following the transaction, the director now owns 31,584 shares of the company’s stock, valued at $1,172,082.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Bancorp news, Director Stephanie B. Mudick bought 2,000 shares of Bancorp stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of $37.11 per share, with a total value of $74,220.00. Following the acquisition, the director now owns 31,584 shares in the company, valued at approximately $1,172,082.24. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Cohn purchased 2,485 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $34.21 per share, with a total value of $85,011.85. Following the acquisition, the director now directly owns 157,627 shares in the company, valued at approximately $5,392,419.67. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 4,715 shares of company stock worth $166,189. Company insiders own 5.20% of the company’s stock.

Bancorp Stock Performance

Shares of NASDAQ:TBBK traded up $0.60 on Friday, reaching $31.92. 877,256 shares of the company’s stock were exchanged, compared to its average volume of 694,855. The Bancorp, Inc. has a twelve month low of $28.04 and a twelve month high of $47.11. The company has a fifty day moving average of $34.77 and a 200-day moving average of $37.83. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 8.67 and a beta of 1.43. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Bancorp (NASDAQ:TBBK) last issued its quarterly earnings results on Friday, April 26th. The bank reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. Bancorp had a return on equity of 26.32% and a net margin of 39.94%. During the same quarter in the prior year, the company earned $0.88 EPS. On average, research analysts predict that The Bancorp, Inc. will post 4.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Raymond James increased their price target on shares of Bancorp from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, January 29th. StockNews.com raised Bancorp from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Bancorp from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Friday, April 5th.

About Bancorp

The Bancorp, Inc operates as the bank holding company for The Bancorp Bank, National Association that provides banking products and services in the United States. It offers a range of deposit products and services, including checking, savings, time, money market, and commercial accounts; overdrafts; and certificates of deposit.