SEC Form SC 13G/A filed by The Bancorp Inc (Amendment)

2/9/24 8:35:54 AM ET

Major Banks

Finance

Get the next $TBBK alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.1 BANCORP INC DEL COMMON STOCK Cusip #05969A105 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #05969A105 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 4,721,649 Item 6: 0 Item 7: 4,724,668 Item 8: 0 Item 9: 4,724,668 Item 11: 8.805% Item 12: HC Cusip #05969A105 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 4,724,668 Item 8: 0 Item 9: 4,724,668 Item 11: 8.805% Item 12: IN Item 1(a). Name of Issuer: BANCORP INC DEL Item 1(b). Address of Issuer's Principal Executive Offices: 409 SILVERSIDE ROAD WILMINGTON, DE 19809 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 05969A105 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 4,724,668 (b) Percent of Class: 8.805% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,724,668 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of BANCORP INC DEL. No one other person's interest in the COMMON STOCK of BANCORP INC DEL is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2024 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC * IA Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of BANCORP INC DEL at December 29, 2023. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Get the next $TBBK alert in real time by email

Date

Price Target

Rating

Analyst

1/30/2023

$38.00

Outperform

Raymond James

1/12/2022

$40.00

Outperform

Keefe Bruyette

11/1/2021

$30.00 → $38.00

Strong Buy

Raymond James

SEC Form SC 13G/A filed by The Bancorp Inc (Amendment)

Chat with this insight

Recent Analyst Ratings for $TBBK

$TBBK Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by The Bancorp Inc

SEC Form SC 13G/A filed by The Bancorp Inc (Amendment)

SEC Form SC 13G/A filed by The Bancorp Inc (Amendment)

$TBBK Financials

Live finance-specific insights

The Bancorp, Inc. Reports First Quarter Financial Results

The Bancorp, Inc. Sets First Quarter 2025 Financial Results Release Date and Conference Call

The Bancorp, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Updates 2025 Guidance

$TBBK Press Releases

Fastest customizable press release news feed in the world

The Bancorp, Inc. Reports First Quarter Financial Results

The Bancorp, Inc. Sets First Quarter 2025 Financial Results Release Date and Conference Call

The Bancorp, Inc. Receives Expected Nasdaq Notice Regarding Delayed Annual Report

$TBBK Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Raymond James initiated coverage on The Bancorp with a new price target

Keefe Bruyette initiated coverage on The Bancorp with a new price target

Raymond James reiterated coverage on The Bancorp with a new price target

$TBBK Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Tryniski Mark E was granted 3,861 shares, increasing direct ownership by 38% to 13,966 units (SEC Form 4)

Director Mudick Stephanie B was granted 3,861 shares, increasing direct ownership by 11% to 40,550 units (SEC Form 4)

Director Mcentee James J Iii was granted 3,861 shares, increasing direct ownership by 3% to 142,966 units (SEC Form 4)

$TBBK Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Brockman Todd J. bought $228,847 worth of shares (3,700 units at $61.85), increasing direct ownership by 82% to 8,217 units (SEC Form 4)

Director Brockman Todd J. bought $225,574 worth of shares (4,517 units at $49.94) (SEC Form 4)

Director Tryniski Mark E bought $251,803 worth of shares (5,000 units at $50.36), increasing direct ownership by 98% to 10,105 units (SEC Form 4)

$TBBK Leadership Updates

Live Leadership Updates

The Bancorp Appoints Dwayne Allen to Its Board of Directors

The Bancorp Announces Todd Brockman to Join Its Board of Directors

Breakthrough T1D Proudly Announces the Appointment of New Global Mission Board Chair

$TBBK SEC Filings

Amendment: The Bancorp Inc filed SEC Form 8-K: Other Events

The Bancorp Inc filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

SEC Form SCHEDULE 13G filed by The Bancorp Inc

Recent Analyst Ratings for
$TBBK

$TBBK
Large Ownership Changes

$TBBK
Financials

$TBBK
Press Releases

$TBBK
Analyst Ratings

$TBBK
Insider Trading

$TBBK
Insider Purchases

$TBBK
Leadership Updates

$TBBK
SEC Filings