The Bancorp Inc. (TBBK) Shares Up 1%
The Bancorp Inc. (NASDAQ:TBBK) shot up 1% during mid-day trading on Wednesday . The stock traded as high as $6.23 and last traded at $6.18, with a volume of 86,548 shares changing hands. The stock had previously closed at $6.12.
Several research firms recently issued reports on TBBK. TheStreet lowered The Bancorp from a “hold” rating to a “sell” rating in a research report on Monday. Zacks Investment Research raised The Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th. BTIG Research reissued a “buy” rating and set a $10.00 price target on shares of The Bancorp in a research report on Monday, July 25th. Finally, 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 research report on Tuesday, August 9th.
The company’s market cap is $230.85 million. The firm has a 50 day moving average of $5.54 and a 200 day moving average of $5.68.
The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data 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. On average, equities research analysts anticipate that The Bancorp Inc. will post ($1.03) EPS for the current fiscal year.
In other news, Director Hersh Kozlov bought 20,000 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was bought at an average price of $6.12 per share, for a total transaction of $122,400.00. Following the completion of the transaction, the director now directly owns 27,500 shares in the company, valued at approximately $168,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO John Leto bought 26,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were purchased at an average price of $5.21 per share, with a total value of $135,460.00. Following the transaction, the chief accounting officer now owns 26,000 shares of the company’s stock, valued at $135,460. The disclosure for this purchase can be found here.
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.
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