The Bancorp (TBBK) Earning Somewhat Positive Press Coverage, Study Shows
News stories about The Bancorp (NASDAQ:TBBK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Bancorp earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 47.0882266147696 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently commented on TBBK. BidaskClub downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. UBS AG raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James Financial, Inc. raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, July 31st. Finally, TheStreet raised shares of The Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The Bancorp has a consensus rating of “Buy” and an average price target of $7.75.
The Bancorp (TBBK) traded down 0.48% during trading on Friday, hitting $8.33. 141,060 shares of the company traded hands. The Bancorp has a 52-week low of $4.41 and a 52-week high of $8.57. The firm’s market cap is $464.46 million. The company’s 50-day moving average is $7.94 and its 200 day moving average is $6.85.
The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The Bancorp had a negative net margin of 16.27% and a negative return on equity of 4.27%. The firm had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. On average, equities analysts anticipate that The Bancorp will post $0.48 earnings per share for the current year.
In other news, Director Castle Creek Capital Partners acquired 225,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $1,667,250.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ron J. Wechsler sold 5,000 shares of The Bancorp stock in a transaction on Monday, August 21st. The shares were sold at an average price of $7.61, for a total transaction of $38,050.00. Following the completion of the transaction, the executive vice president now owns 43,299 shares in the company, valued at $329,505.39. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 323,700 shares of company stock worth $2,409,100. 12.40% of the stock is currently owned by insiders.
The 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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