The Bancorp, Inc. (TBBK) Trades at $10.87 After Triangle; Principal Financial Group Has Cut Its Amerisafe (AMSF) Stake

The Bancorp, Inc. (NASDAQ:TBBK) Logo

The Bancorp, Inc. (TBBK) formed triangle with $9.89 target or 9.00% below today’s $10.87 share price. The Bancorp, Inc. (TBBK) has $610.97M valuation. The stock decreased 0.59% or $0.07 during the last trading session, reaching $10.87. About 42,730 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since April 25, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Principal Financial Group Inc decreased Amerisafe Inc (AMSF) stake by 6.78% reported in 2017Q4 SEC filing. Principal Financial Group Inc sold 10,474 shares as Amerisafe Inc (AMSF)’s stock declined 10.08%. The Principal Financial Group Inc holds 144,004 shares with $8.87 million value, down from 154,478 last quarter. Amerisafe Inc now has $1.08 billion valuation. The stock decreased 0.62% or $0.35 during the last trading session, reaching $56.2. About 6,386 shares traded. Amerisafe, Inc. (NASDAQ:AMSF) has declined 10.56% since April 25, 2017 and is downtrending. It has underperformed by 22.11% the S&P500.

Analysts await The Bancorp, Inc. (NASDAQ:TBBK) to report earnings on April, 26 after the close. They expect $0.20 EPS, up 81.82% or $0.09 from last year’s $0.11 per share. TBBK’s profit will be $11.24 million for 13.59 P/E if the $0.20 EPS becomes a reality. After $0.10 actual EPS reported by The Bancorp, Inc. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.86, from 1.97 in 2017Q3. It dropped, as 11 investors sold The Bancorp, Inc. shares while 35 reduced holdings. 17 funds opened positions while 34 raised stakes. 44.05 million shares or 9.03% more from 40.40 million shares in 2017Q3 were reported. Jacobs Levy Equity Management accumulated 165,200 shares. Ny State Common Retirement Fund accumulated 0% or 49,800 shares. 94,676 were accumulated by Bnp Paribas Arbitrage. 15,877 are held by State Board Of Administration Of Florida Retirement. Moreover, Citadel Advsr Ltd Liability Corporation has 0% invested in The Bancorp, Inc. (NASDAQ:TBBK) for 120,812 shares. Brandywine Global Limited Liability stated it has 0% in The Bancorp, Inc. (NASDAQ:TBBK). Credit Agricole S A has 144,000 shares for 0.1% of their portfolio. Prudential Inc holds 0% or 362,530 shares in its portfolio. Teacher Retirement Of Texas has 19,292 shares for 0% of their portfolio. State Street holds 0% or 1.53 million shares. Moreover, Wellington Mgmt Limited Liability Partnership has 0.01% invested in The Bancorp, Inc. (NASDAQ:TBBK). Rutabaga Cap Mngmt Limited Ma holds 1.66% or 730,883 shares in its portfolio. Amer Inc reported 33,133 shares or 0% of all its holdings. Highbridge Cap Mngmt Ltd Liability Corp has 46,530 shares for 0.01% of their portfolio. Balyasny Asset Mngmt Ltd owns 25,453 shares.

Among 4 analysts covering Bancorp (NASDAQ:TBBK), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Bancorp had 13 analyst reports since August 27, 2015 according to SRatingsIntel. Raymond James upgraded the stock to “Outperform” rating in Monday, July 31 report. TheStreet downgraded the stock to “Hold” rating in Thursday, August 27 report. The firm has “Hold” rating by Sandler O’Neill given on Friday, January 12. The firm has “Strong Buy” rating given on Tuesday, August 9 by Raymond James. The firm earned “Hold” rating on Thursday, October 26 by Piper Jaffray. The rating was maintained by Piper Jaffray on Thursday, July 13 with “Hold”. The stock has “Neutral” rating by Piper Jaffray on Wednesday, November 30. The firm earned “Mkt Perform” rating on Wednesday, February 1 by Raymond James. The firm has “Hold” rating given on Tuesday, February 13 by Piper Jaffray. The firm has “Buy” rating given on Friday, January 26 by Raymond James.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $52,974 activity. KOZLOV HERSH sold 5,000 shares worth $52,974.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.12, from 1.11 in 2017Q3. It turned negative, as 11 investors sold AMSF shares while 57 reduced holdings. 26 funds opened positions while 41 raised stakes. 18.55 million shares or 0.31% more from 18.49 million shares in 2017Q3 were reported. Sei Invests, a Pennsylvania-based fund reported 21,244 shares. Fisher Asset Management Limited Liability Corp holds 0% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF) for 54,948 shares. State Teachers Retirement has 0% invested in Amerisafe, Inc. (NASDAQ:AMSF). Palisade Capital Limited Liability Corporation Nj reported 277,965 shares. Aperio Gru Ltd has 8,980 shares for 0% of their portfolio. Eagle Asset Mngmt holds 0.04% or 108,195 shares. Copeland Cap Mngmt Llc owns 163,025 shares. 13,009 are held by Texas Permanent School Fund. Delaware-based Dupont Mngmt has invested 0.01% in Amerisafe, Inc. (NASDAQ:AMSF). Geode Capital Mgmt Ltd Company holds 0% or 169,954 shares. Vanguard Group Inc owns 1.07M shares or 0% of their US portfolio. 59,748 were accumulated by Rhumbline Advisers. 25,092 are held by Great West Life Assurance Com Can. Royal Fincl Bank Of Canada invested 0.03% of its portfolio in Amerisafe, Inc. (NASDAQ:AMSF). Thrivent Fincl For Lutherans accumulated 11,915 shares.

Among 5 analysts covering Amerisafe (NASDAQ:AMSF), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Amerisafe had 7 analyst reports since October 29, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Thursday, October 26 with “Buy”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, April 5. SunTrust maintained the shares of AMSF in report on Tuesday, February 27 with “Buy” rating.

Principal Financial Group Inc increased Universal Fst Prods Inc (NASDAQ:UFPI) stake by 307,782 shares to 471,149 valued at $17.72 million in 2017Q4. It also upped Delek Us Hldgs Inc New stake by 202,715 shares and now owns 669,682 shares. Cognizant Technology Solutio (NASDAQ:CTSH) was raised too.

Amerisafe, Inc. (NASDAQ:AMSF) Ratings Chart