Bancorp (TBBK) Given News Sentiment Rating of 0.26
Headlines about Bancorp (NASDAQ:TBBK) have trended positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bancorp earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.8446613601075 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Bancorp (TBBK) Upgraded at BidaskClub (americanbankingnews.com)
- The Bancorp’s (TBBK) CEO Damian Kozlowski on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Read This Before Buying Western New England Bancorp Inc (NASDAQ:WNEB) For Its Upcoming $0.04 Dividend (finance.yahoo.com)
- Leading National Bank Lenders Recommit to Fantastic Sams for Franchisee Financing Programs (prweb.com)
- Varo ‘Love Is in the Air’ Study Finds Romantic Dinner a Better Bet Than Diamonds for Your Millennial Significant Other This Valentine’s Day (prweb.com)
A number of equities research analysts recently commented on the company. BidaskClub upgraded Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James Financial upgraded Bancorp from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $11.00 to $13.00 in a research report on Friday, January 26th. Sandler O’Neill reiterated a “hold” rating and issued a $11.00 target price on shares of Bancorp in a research report on Friday, January 12th. Zacks Investment Research downgraded Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $9.00 target price on shares of Bancorp in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $10.40.
In other Bancorp news, Director Daniel G. Cohen sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $9.53, for a total transaction of $2,382,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Chrystal sold 62,285 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $9.65, for a total value of $601,050.25. The disclosure for this sale can be found here. Corporate insiders own 12.40% of the company’s stock.
Bancorp Company Profile
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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