Somewhat Positive Media Coverage Somewhat Unlikely to Impact The Bancorp (TBBK) Stock Price
News headlines about The Bancorp (NASDAQ:TBBK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Bancorp earned a news impact score of 0.04 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.3330019257111 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities research analysts have commented on TBBK shares. BidaskClub upgraded shares of The Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded 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 note on Wednesday, August 2nd. TheStreet upgraded shares of The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Piper Jaffray Companies restated a “hold” rating and set a $6.50 target price on shares of The Bancorp in a research note on Friday, July 14th. Finally, ValuEngine upgraded shares of The Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $7.75.
The Bancorp (TBBK) traded down 1.57% during midday trading on Thursday, hitting $8.14. 190,677 shares of the stock traded hands. The Bancorp has a 12 month low of $4.41 and a 12 month high of $8.57. The company’s 50 day moving average price is $8.02 and its 200 day moving average price is $6.97. The firm’s market cap is $453.86 million.
The Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%. The firm had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. Equities research analysts predict that The Bancorp will post $0.48 earnings per share for the current fiscal year.
In other The Bancorp news, Director Castle Creek Capital Partners bought 225,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $7.41 per share, for a total transaction of $1,667,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Walter T. Beach sold 106,784 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $7.74, for a total value of $826,508.16. Following 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 have bought a total of 323,700 shares of company stock worth $2,409,100 in the last quarter. Insiders own 12.40% of the company’s stock.
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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