The Bancorp (TBBK) Earning Somewhat Favorable Media Coverage, Analysis Shows
Headlines about The Bancorp (NASDAQ:TBBK) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Bancorp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.4017499473638 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have recently weighed in on TBBK. BidaskClub raised shares of The Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of The Bancorp from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research report on Wednesday, August 2nd. Raymond James Financial, Inc. raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. UBS AG raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. Finally, ValuEngine raised shares of The Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $7.75.
The Bancorp (NASDAQ:TBBK) traded up 0.87% during mid-day trading on Friday, hitting $8.16. 337,938 shares of the stock were exchanged. The stock has a 50 day moving average of $7.74 and a 200-day moving average of $6.60. The stock’s market cap is $454.07 million. The Bancorp has a 52-week low of $4.41 and a 52-week high of $8.20.
The Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%. Equities analysts predict that The Bancorp will post $0.48 EPS for the current fiscal year.
In related news, EVP Jeffrey A. Nager bought 5,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average price of $7.82 per share, for a total transaction of $39,100.00. Following the completion of the purchase, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $78,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Walter T. Beach sold 106,784 shares of The Bancorp stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $7.74, for a total value of $826,508.16. Following the completion of the transaction, the director now owns 122,640 shares in the company, valued at approximately $949,233.60. The disclosure for this sale can be found here. Insiders acquired 323,700 shares of company stock worth $2,409,100 in the last quarter. 12.40% of the stock is owned by insiders.
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About The Bancorp
The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).
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