In yesterday’s Wall Street session, The Bancorp Inc. (NASDAQ:TBBK) shares traded at $30.15, up 15.96% from the previous session.
3 analysts cover The Bancorp Inc. (NASDAQ:TBBK), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $38.00, we find $43.00. Given the previous closing price of $26.00, this indicates a potential upside of 65.38 percent. TBBK stock price is now -6.97% away from the 50-day moving average and 14.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.77B.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $41.33 as their price target over the next twelve months.
With the price target of $38, Raymond James recently initiated with Outperform rating for The Bancorp Inc. (NASDAQ: TBBK). On January 12, 2022, Keefe Bruyette recently initiated its ‘Outperform’ rating on the stock quoting a target price of $40, while ‘Sandler O’Neill’ rates the stock as ‘Buy’.
In other news, Mielke Daniela, Director bought 2,300 shares of the company’s stock on Mar 13. The stock was bought for $62,411 at an average price of $27.14. Upon completion of the transaction, the Director now directly owns 20,830 shares in the company, valued at $0.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13, Director Cohn Matthew bought 2,000 shares of the business’s stock. A total of $53,000 was incurred on buying the stock at an average price of $26.50. This leaves the insider owning 118,725 shares of the company worth $3.58 million. Insiders disposed of 155,009 shares of company stock worth roughly $4.67 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TBBK stock. A new stake in The Bancorp Inc. shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $11,067,000. ALTA FOX CAPITAL MANAGEMENT, LLC invested $8,349,000 in shares of TBBK during the first quarter. In the first quarter, AMUNDI acquired a new stake in The Bancorp Inc. valued at approximately $4,969,000. HSBC HOLDINGS PLC acquired a new stake in TBBK for approximately $1,899,000. OCCUDO QUANTITATIVE STRATEGIES LP purchased a new stake in TBBK valued at around $932,000 in the second quarter. In total, there are 271 active investors with 94.60% ownership of the company’s stock.
On Tuesday morning The Bancorp Inc. (NASDAQ: TBBK) stock kicked off with the opening price of $29.54. During the past 12 months, The Bancorp Inc. has had a low of $16.59 and a high of $37.58. The fifty day moving average price for TBBK is $32.44 and a two-hundred day moving average price translates $26.41 for the stock.
The latest earnings results from The Bancorp Inc. (NASDAQ: TBBK) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.7 by 0.01. This compares to $0.46 EPS in the same period last year. The net profit margin was 42.20% and return on equity was 19.50% for TBBK. For the current quarter, analysts expect TBBK to generate $78.24M in revenue.
The Bancorp Inc.(TBBK) Company Profile
The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, and commercial accounts; and prepaid and debit cards. It also provides securities-backed lines of credit and insurance policy cash value-backed lines of credit; institutional banking services; vehicle fleet, other equipment leasing, and commercial fleet leasing services consist of commercial vehicles, including trucks and special purpose vehicles, and equipment; and real estate bridge lending, as well as small business administration, commercial mortgage-backed, and commercial real estate loans. The company offers private label banking; credit and debit card payment processing services for independent service organizations; and internet banking services. The Bancorp, Inc. was incorporated in 1999 and is headquartered in Wilmington, Delaware.
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