The Bancorp (TBBK) Getting Somewhat Positive Media Coverage, Study Shows
Headlines about The Bancorp (NASDAQ:TBBK) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. The Bancorp earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1727284352491 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
TBBK has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of The Bancorp from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, June 7th. ValuEngine upgraded shares of The Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. TheStreet upgraded shares of The Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. Piper Jaffray Companies reiterated a “hold” rating and set a $6.50 target price on shares of The Bancorp in a report on Friday, July 14th. Finally, BidaskClub lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $7.75.
Shares of The Bancorp (NASDAQ:TBBK) traded up 0.90% during mid-day trading on Tuesday, reaching $7.83. 115,743 shares of the company’s stock traded hands. The firm’s market capitalization is $436.58 million. The Bancorp has a 12-month low of $4.41 and a 12-month high of $8.20. The stock has a 50-day moving average price of $7.69 and a 200 day moving average price of $6.47.
The Bancorp (NASDAQ:TBBK) last issued 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 company had revenue of $45.39 million for the quarter, compared to the consensus estimate of $42.40 million. The Bancorp had a negative net margin of 16.27% and a negative return on equity of 4.27%. Analysts anticipate 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 company’s stock in a transaction on Thursday, August 31st. The shares were acquired at an average cost of $7.82 per share, for a total transaction of $39,100.00. Following the purchase, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $78,200. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Leo Connolly bought 40,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was bought at an average price of $6.57 per share, for a total transaction of $262,800.00. Following the completion of the purchase, the executive vice president now directly owns 44,762 shares in the company, valued at $294,086.34. The disclosure for this purchase can be found here. Insiders acquired a total of 365,700 shares of company stock worth $2,685,100 over the last 90 days. Insiders own 12.40% of the company’s stock.
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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