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Jupiter Asset Management Ltd. Reduces Position in The Bancorp, Inc. $TBBK
Jupiter Asset Management Ltd. significantly reduced its stake in The Bancorp, Inc. (NASDAQ:TBBK) by 68.7% in the third quarter, selling over 356,000 shares. Despite this, other institutional investors like Nantahala Capital Management LLC and New York State Common Retirement Fund increased their holdings. The Bancorp reported Q3 earnings per share of $1.28, missing analyst estimates, and has a “Moderate Buy” consensus rating from analysts.