Bancorp (TBBK) Holder Thompson Siegel & Walmsley Has Boosted Its Holding; As Burlington Stores (BURL) Market Valuation Rose, Shareholder Iberiabank Lifted Position

April 22, 2018 - By Vivian Currie

Burlington Stores, Inc. (NYSE:BURL) Logo

Iberiabank Corp increased its stake in Burlington Stores Inc (BURL) by 54.27% based on its latest 2017Q4 regulatory filing with the SEC. Iberiabank Corp bought 5,451 shares as the company’s stock rose 8.24% while stock markets declined. The institutional investor held 15,496 shares of the consumer services company at the end of 2017Q4, valued at $1.91 million, up from 10,045 at the end of the previous reported quarter. Iberiabank Corp who had been investing in Burlington Stores Inc for a number of months, seems to be bullish on the $9.04 billion market cap company. The stock decreased 2.20% or $3 during the last trading session, reaching $133.26. About 1.01 million shares traded or 7.84% up from the average. Burlington Stores, Inc. (NYSE:BURL) has risen 37.17% since April 22, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Thompson Siegel & Walmsley Llc increased its stake in Bancorp Inc (TBBK) by 8.76% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Siegel & Walmsley Llc bought 116,448 shares as the company’s stock rose 7.11% while stock markets declined. The institutional investor held 1.45M shares of the finance company at the end of 2017Q4, valued at $14.29 million, up from 1.33M at the end of the previous reported quarter. Thompson Siegel & Walmsley Llc who had been investing in Bancorp Inc for a number of months, seems to be bullish on the $630.64 million market cap company. The stock increased 2.75% or $0.3 during the last trading session, reaching $11.22. About 311,904 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since April 22, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $52,974 activity.

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. As per Wednesday, February 1, the company rating was downgraded by Raymond James. The stock of The Bancorp, Inc. (NASDAQ:TBBK) has “Hold” rating given on Tuesday, February 13 by Piper Jaffray. The firm has “Buy” rating given on Friday, January 26 by Raymond James. Sandler O’Neill maintained the stock with “Hold” rating in Friday, January 12 report. Piper Jaffray initiated it with “Neutral” rating and $7.50 target in Wednesday, November 30 report. On Thursday, July 13 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Neutral” rating given on Wednesday, January 4 by BTIG Research. The rating was maintained by Piper Jaffray with “Hold” on Thursday, October 26. The firm has “Outperform” rating given on Monday, July 31 by Raymond James. The rating was downgraded by TheStreet on Thursday, August 27 to “Hold”.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.86, from 1.97 in 2017Q3. It is negative, as 11 investors sold TBBK 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. The Pennsylvania-based Ajo LP has invested 0.03% in The Bancorp, Inc. (NASDAQ:TBBK). Brandywine Inv Management Ltd Llc invested in 0% or 24,924 shares. Alliancebernstein Limited Partnership owns 39,700 shares. Moreover, American Century Companies Inc has 0% invested in The Bancorp, Inc. (NASDAQ:TBBK). Ancora Limited Liability Corp accumulated 0.03% or 58,669 shares. Jacobs Levy Equity invested 0.03% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK). Moreover, Heartland Advsr Inc has 1.07% invested in The Bancorp, Inc. (NASDAQ:TBBK) for 1.69 million shares. Macquarie Group Limited reported 3,200 shares stake. Security Tru has 0% invested in The Bancorp, Inc. (NASDAQ:TBBK) for 690 shares. Vanguard has invested 0% in The Bancorp, Inc. (NASDAQ:TBBK). Los Angeles Cap Mngmt Equity Rech holds 94,765 shares. Kansas-based Mariner Wealth Advsr Lc has invested 0.01% in The Bancorp, Inc. (NASDAQ:TBBK). Envestnet Asset Mgmt Inc holds 0% or 6,838 shares. Price Michael F accumulated 407,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,597 shares.

Thompson Siegel & Walmsley Llc, which manages about $7.40 billion and $8.41B US Long portfolio, decreased its stake in Apogee Enterprises Inc (NASDAQ:APOG) by 65,736 shares to 297,052 shares, valued at $13.58M in 2017Q4, according to the filing. It also reduced its holding in United Therapeutics Corp (NASDAQ:UTHR) by 4,028 shares in the quarter, leaving it with 586,354 shares, and cut its stake in Dentsply Sirona Inc.

Among 21 analysts covering Burlington Stores (NYSE:BURL), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. Burlington Stores had 61 analyst reports since October 7, 2015 according to SRatingsIntel. Goldman Sachs upgraded Burlington Stores, Inc. (NYSE:BURL) on Thursday, January 21 to “Buy” rating. Cowen & Co maintained Burlington Stores, Inc. (NYSE:BURL) on Monday, August 14 with “Buy” rating. The firm has “Buy” rating given on Thursday, March 8 by Cowen & Co. Telsey Advisory Group maintained Burlington Stores, Inc. (NYSE:BURL) rating on Wednesday, November 22. Telsey Advisory Group has “Outperform” rating and $116 target. M Partners upgraded the stock to “Buy” rating in Friday, August 26 report. The rating was maintained by Telsey Advisory Group on Friday, May 27 with “Outperform”. The stock of Burlington Stores, Inc. (NYSE:BURL) earned “Outperform” rating by RBC Capital Markets on Friday, August 26. The firm earned “Neutral” rating on Friday, September 30 by Guggenheim. The stock of Burlington Stores, Inc. (NYSE:BURL) earned “Buy” rating by BMO Capital Markets on Wednesday, June 7. The firm earned “Buy” rating on Tuesday, May 30 by Cowen & Co.

Iberiabank Corp, which manages about $640.18M US Long portfolio, decreased its stake in Vanguard Total Stock Market Etf (VTI) by 2,765 shares to 20,049 shares, valued at $2.79 million in 2017Q4, according to the filing. It also reduced its holding in Southern Co (NYSE:SO) by 42,618 shares in the quarter, leaving it with 108,697 shares, and cut its stake in Vanguard Small Cap Etf (VB).

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.10, from 0.85 in 2017Q3. It is positive, as 30 investors sold BURL shares while 114 reduced holdings. 62 funds opened positions while 75 raised stakes. 66.96 million shares or 1.49% less from 67.97 million shares in 2017Q3 were reported. Highbridge Capital Management Lc holds 5,218 shares or 0.01% of its portfolio. Penn Capital Management Inc has 0.42% invested in Burlington Stores, Inc. (NYSE:BURL) for 47,459 shares. Gsa Cap Partners Llp stated it has 9,660 shares. Old Bancorporation In invested 0.01% of its portfolio in Burlington Stores, Inc. (NYSE:BURL). State Board Of Administration Of Florida Retirement owns 82,770 shares. Wellington Management Grp Ltd Liability Partnership holds 237,950 shares or 0.01% of its portfolio. Secor Cap Limited Partnership owns 58,078 shares for 0.28% of their portfolio. 10,856 were reported by Globeflex Limited Partnership. Thrivent Financial For Lutherans holds 231,928 shares or 0.1% of its portfolio. Stephens Investment Mgmt Gp Limited Liability Co has 323,140 shares. Westpac Bk Corp holds 0.13% of its portfolio in Burlington Stores, Inc. (NYSE:BURL) for 48,200 shares. Monarch Prns Asset Management Limited Com holds 57,150 shares. Rockefeller Fincl Ser accumulated 38,777 shares. State Treasurer State Of Michigan holds 12,000 shares or 0.01% of its portfolio. Manufacturers Life Insur The has invested 0% in Burlington Stores, Inc. (NYSE:BURL).

Since December 11, 2017, it had 0 insider buys, and 11 insider sales for $14.01 million activity. On Thursday, February 1 MAGRINI JOYCE MANNING sold $293,185 worth of Burlington Stores, Inc. (NYSE:BURL) or 2,400 shares. 10,351 Burlington Stores, Inc. (NYSE:BURL) shares with value of $1.32 million were sold by Katz Marc. $893,550 worth of stock was sold by Hand Fred on Tuesday, March 13. 20,000 shares were sold by Kingsbury Thomas, worth $2.43 million.

Burlington Stores, Inc. (NYSE:BURL) Institutional Positions Chart

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