The Bancorp Inc. (TBBK) Sees Unusually-High Trading Volume
The Bancorp Inc. (NASDAQ:TBBK) saw unusually-strong trading volume on Tuesday . Approximately 287,189 shares changed hands during mid-day trading, an increase of 220% from the previous session’s volume of 89,712 shares.The stock last traded at $4.95 and had previously closed at $5.05.
Several analysts have weighed in on TBBK shares. Zacks Investment Research raised The Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th. Raymond James Financial Inc. raised The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of The Bancorp in a report on Monday, July 25th. Finally, TheStreet raised The Bancorp from a “sell” rating to a “hold” rating in a report on Friday, April 15th.
The stock’s market cap is $187.71 million. The firm’s 50-day moving average price is $5.81 and its 200 day moving average price is $5.57.
The Bancorp (NASDAQ:TBBK) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by $0.24. Equities analysts anticipate that The Bancorp Inc. will post ($0.98) earnings per share for the current year.
A hedge fund recently raised its stake in The Bancorp stock. Wells Fargo & Company MN increased its stake in shares of The Bancorp Inc. (NASDAQ:TBBK) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,873,983 shares of the company’s stock after buying an additional 154,574 shares during the period. Wells Fargo & Company MN owned about 4.96% of The Bancorp worth $11,937,000 as of its most recent SEC filing.
The Bancorp, Inc is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.