Russell Investments Group Ltd. cut its stake in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 22.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,875 shares of the bank’s stock after selling 82,629 shares during the quarter. Russell Investments Group Ltd. owned 0.50% of The Bancorp worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Frontier Capital Management Co. LLC bought a new stake in shares of The Bancorp in the 2nd quarter worth approximately $12,162,000. Signia Capital Management LLC lifted its holdings in shares of The Bancorp by 64.4% in the 2nd quarter. Signia Capital Management LLC now owns 1,006,430 shares of the bank’s stock worth $7,628,000 after acquiring an additional 394,183 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in shares of The Bancorp in the 3rd quarter worth approximately $3,225,000. Dimensional Fund Advisors LP lifted its holdings in shares of The Bancorp by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,687,237 shares of the bank’s stock worth $20,370,000 after acquiring an additional 233,451 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of The Bancorp by 54.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 625,049 shares of the bank’s stock worth $5,169,000 after acquiring an additional 220,912 shares during the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.

The Bancorp, Inc. (TBBK) opened at $9.96 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.16. The Bancorp, Inc. has a one year low of $4.41 and a one year high of $10.55.

In related news, Director Daniel G. Cohen sold 250,000 shares of The Bancorp 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 filing with the SEC, which is available through this hyperlink. Also, Director John C. Chrystal sold 62,285 shares of The Bancorp stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $9.65, for a total transaction of $601,050.25. The disclosure for this sale can be found here. 12.40% of the stock is owned by insiders.

A number of brokerages have recently weighed in on TBBK. Zacks Investment Research lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. BidaskClub upgraded shares of The Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $9.00 price objective on shares of The Bancorp in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $8.56.

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The Bancorp 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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