News articles about The Bancorp (NASDAQ:TBBK) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 45.2179258278653 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
The Bancorp (TBBK) traded up 0.53% during mid-day trading on Thursday, reaching $7.56. 213,390 shares of the company traded hands. The stock’s market capitalization is $421.01 million. The firm’s 50-day moving average is $7.32 and its 200 day moving average is $6.11. The Bancorp has a 52-week low of $4.41 and a 52-week high of $8.20.
The Bancorp (NASDAQ:TBBK) last released its quarterly 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 Bancorp had a negative net margin of 50.29% and a negative return on equity of 11.95%. The business had revenue of $49.10 million during the quarter, compared to the consensus estimate of $44.26 million. On average, equities research analysts expect that The Bancorp will post $0.39 earnings per share for the current year.
TBBK has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of The Bancorp from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Thursday, June 29th. BTIG Research upgraded shares of The Bancorp from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a report on Monday, May 1st. TheStreet upgraded shares of The Bancorp from a “d+” rating to a “c-” rating in a report on Tuesday, June 27th. BidaskClub cut shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $6.50 target price on shares of The Bancorp in a report on Friday, July 14th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.45.
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In other The Bancorp news, EVP Mark Leo Connolly acquired 40,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of $6.57 per share, with a total value of $262,800.00. Following the completion of the acquisition, the executive vice president now directly owns 44,762 shares in the company, valued at approximately $294,086.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Frenkiel Paul acquired 22,498 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was acquired at an average cost of $6.56 per share, with a total value of $147,586.88. Following the acquisition, the chief financial officer now owns 42,498 shares of the company’s stock, valued at $278,786.88. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 104,498 shares of company stock valued at $687,987 and sold 180,189 shares valued at $1,109,310. Insiders own 12.40% of the company’s stock.
About The Bancorp
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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