Sippican Capital Advisors buys $1,800,926 stake in Bancorp Inc (TBBK)

Bancorp Inc (TBBK) : Sippican Capital Advisors scooped up 58,910 additional shares in Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 296,205 shares of Bancorp Inc which is valued at $1,800,926.Bancorp Inc makes up approximately 2.05% of Sippican Capital Advisors’s portfolio.

Other Hedge Funds, Including , Eagle Boston Investment Management Inc boosted its stake in TBBK in the latest quarter, The investment management firm added 13,151 additional shares and now holds a total of 500,493 shares of Bancorp Inc which is valued at $3,027,983. Bancorp Inc makes up approx 0.40% of Eagle Boston Investment Management Inc’s portfolio. Bnp Paribas Arbitrage Sa added TBBK to its portfolio by purchasing 1,374 company shares during the most recent quarter which is valued at $8,368.

Bancorp Inc closed down -0.67 points or -11.22% at $5.3 with 1,71,504 shares getting traded on Friday. Post opening the session at $5.9, the shares hit an intraday low of $4.93 and an intraday high of $5.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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