Janus Henderson Group PLC Sells 14,138 Shares of The Bancorp, Inc. (NASDAQ:TBBK)

Janus Henderson Group PLC lowered its holdings in shares of The Bancorp, Inc. (NASDAQ:TBBK) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 958,996 shares of the bank’s stock after selling 14,138 shares during the quarter. Janus Henderson Group PLC’s holdings in Bancorp were worth $32,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TBBK. Quest Partners LLC purchased a new stake in Bancorp during the fourth quarter valued at approximately $115,000. Summit Asset Management LLC bought a new position in Bancorp in the 4th quarter worth $202,000. SG Americas Securities LLC bought a new position in Bancorp in the 4th quarter worth $224,000. Arcus Capital Partners LLC bought a new stake in Bancorp during the first quarter valued at about $221,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Bancorp during the 1st quarter valued at approximately $226,000. Institutional investors own 96.22% of the company’s stock.

Insider Transactions at Bancorp

In related news, Director Cheryl Creuzot sold 766 shares of Bancorp stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.64, for a total transaction of $25,002.24. Following the completion of the transaction, the director now directly owns 7,638 shares of the company’s stock, valued at approximately $249,304.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Jennifer F. Terry sold 11,256 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $32.18, for a total value of $362,218.08. Following the transaction, the executive vice president now owns 15,262 shares of the company’s stock, valued at approximately $491,131.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cheryl Creuzot sold 766 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.64, for a total transaction of $25,002.24. Following the completion of the sale, the director now directly owns 7,638 shares of the company’s stock, valued at $249,304.32. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $55.00 price target (up previously from $46.00) on shares of Bancorp in a research note on Monday. Finally, Piper Sandler boosted their price objective on Bancorp from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday.

Bancorp Price Performance

Shares of NASDAQ:TBBK traded up $0.22 during midday trading on Wednesday, reaching $51.36. 94,934 shares of the company were exchanged, compared to its average volume of 631,350. The stock has a market cap of $2.68 billion, a PE ratio of 13.90 and a beta of 1.47. The business’s fifty day moving average is $38.58 and its two-hundred day moving average is $37.58. The company has a current ratio of 0.88, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. The Bancorp, Inc. has a one year low of $29.92 and a one year high of $53.18.

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.