Somewhat Favorable Media Coverage Somewhat Unlikely to Affect The Bancorp (TBBK) Stock Price
News articles about The Bancorp (NASDAQ:TBBK) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring 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 coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.7168529108553 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
The Bancorp (NASDAQ:TBBK) traded down 0.64% during midday trading on Thursday, reaching $7.80. The company’s stock had a trading volume of 208,832 shares. The company’s 50-day moving average price is $7.64 and its 200-day moving average price is $6.27. The company’s market capitalization is $434.90 million. The Bancorp has a 1-year low of $4.41 and a 1-year high of $8.20.
The Bancorp (NASDAQ:TBBK) last announced its quarterly earnings results on Thursday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $45.39 million during the quarter, compared to analyst estimates of $42.40 million. On average, analysts predict that The Bancorp will post $0.48 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on TBBK shares. BidaskClub raised The Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised The Bancorp from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Wednesday, August 2nd. TheStreet raised The Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. Piper Jaffray Companies reissued a “hold” rating and issued a $6.50 target price on shares of The Bancorp in a report on Friday, July 14th. Finally, ValuEngine raised The Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $7.75.
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In other The Bancorp news, EVP Ron J. Wechsler sold 5,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was 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 approximately $329,505.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walter T. Beach sold 105,189 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $6.11, for a total value of $642,704.79. Following the transaction, the director now owns 217,829 shares of the company’s stock, valued at approximately $1,330,935.19. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 423,198 shares of company stock valued at $3,057,987 and have sold 216,973 shares valued at $1,507,263. 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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