Bancorp (TBBK) Earning Somewhat Positive Media Coverage, Study Shows
Media coverage about Bancorp (NASDAQ:TBBK) has been trending somewhat positive this week, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bancorp earned a coverage optimism score of 0.05 on AlphaOne’s scale. AlphaOne also gave news coverage about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Alpha One’s rankings:
- 13D Filing: Ancora Advisors, LLC and Riverview Bancorp Inc (RVSB) (feedproxy.google.com)
- Insider Selling: Bancorp Inc (TBBK) Director Sells 41,360 Shares of Stock (americanbankingnews.com)
- Bancorp Inc (TBBK) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Bancorp Inc (TBBK) Director Sells $210,586.40 in Stock (americanbankingnews.com)
- NBT Bancorp Inc. Announces Cash Dividend (feeds.benzinga.com)
Bancorp (NASDAQ:TBBK) traded down 1.45% during midday trading on Friday, hitting $6.12. The stock had a trading volume of 256,578 shares. The company’s market cap is $340.82 million. Bancorp has a one year low of $4.41 and a one year high of $8.20. The stock’s 50-day moving average is $5.87 and its 200-day moving average is $6.19.
Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, April 27th. The bank reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $49.10 million for the quarter, compared to the consensus estimate of $44.26 million. Equities analysts predict that Bancorp will post $0.39 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. BTIG Research reaffirmed a “hold” rating on shares of Bancorp in a research note on Sunday, February 12th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Bancorp in a research note on Wednesday, February 1st. Finally, TheStreet lowered Bancorp from a “c-” rating to a “d” rating in a research note on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Bancorp presently has a consensus rating of “Hold” and an average price target of $7.44.
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In other Bancorp news, Director Walter T. Beach sold 33,640 shares of Bancorp stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $6.26, for a total value of $210,586.40. Following the completion of the sale, the director now directly owns 362,829 shares of the company’s stock, valued at $2,271,309.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Walter T. Beach sold 41,360 shares of Bancorp stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $6.19, for a total transaction of $256,018.40. Following the completion of the sale, the director now directly owns 296,829 shares of the company’s stock, valued at $1,837,371.51. The disclosure for this sale can be found here. 7.71% of the stock is owned by company insiders.
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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