Second Curve Capital buys $12.5 Million stake in Bancorp Inc (TBBK)

Bancorp Inc (TBBK) : Second Curve Capital scooped up 8,392 additional shares in Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 2,332,095 shares of Bancorp Inc which is valued at $12.5 Million.Bancorp Inc makes up approximately 8.40% of Second Curve Capital’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in TBBK by selling 1,400 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 36,883 shares of TBBK which is valued at $197,693.Manufacturers Life Insurance Company The reduced its stake in TBBK by selling 878 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 25,574 shares of TBBK which is valued at $137,077.Rhumbline Advisers boosted its stake in TBBK in the latest quarter, The investment management firm added 4,730 additional shares and now holds a total of 52,357 shares of Bancorp Inc which is valued at $270,162. Emerald Mutual Fund Advisers Trust sold out all of its stake in TBBK during the most recent quarter. The investment firm sold 180,502 shares of TBBK which is valued $1 Million.

Bancorp Inc opened for trading at $5.74 and hit $5.96 on the upside on Friday, eventually ending the session at $5.94, with a gain of 4.39% or 0.25 points. The heightened volatility saw the trading volume jump to 76,945 shares. Company has a market cap of $225 M.

The Bancorp Inc. is a financial holding company which operates through its subsidiary The Bancorp Bank (the Bank) a chartered commercial bank located in Wilmington Delaware. The Company operates through four business segments: specialty finance payments corporate and discontinued operations. The specialty finance segment includes commercial mortgage loan sales small business administration loans leasing and security backed lines of credit and deposits generated by those business lines. The payments segment includes prepaid cards card payments automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio. Through the Bank the Company also provides banking services nationally which include private label banking institutional banking card payment and other payment processing and health savings accounts.

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