Somewhat Positive Press Coverage Somewhat Unlikely to Impact The Bancorp (NASDAQ:TBBK) Share Price

News headlines about The Bancorp (NASDAQ:TBBK) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.2179258278653 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

• Walter T. Beach Sells 106,784 Shares of The Bancorp, Inc. (TBBK) Stock (americanbankingnews.com)
• Zacks Investment Research Upgrades The Bancorp, Inc. (TBBK) to “Buy” (americanbankingnews.com)
• Bancorp Inc/The Up 28.1% Since SmarTrend Uptrend Call (TBBK) (mysmartrend.com)
• The Bancorp, Inc. (NASDAQ:TBBK) Rating Increased to Outperform at Raymond James Financial, Inc. (americanbankingnews.com)

Several research analysts recently issued reports on TBBK shares. BTIG Research raised The Bancorp from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research report on Monday, May 1st. Zacks Investment Research lowered The Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet lowered The Bancorp from a “c-” rating to a “d” rating in a report on Monday, April 24th. Piper Jaffray Companies reissued a “hold” rating and issued a $6.50 price objective on shares of The Bancorp in a report on Friday, July 14th. Finally, BidaskClub lowered 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 Bancorp presently has an average rating of “Buy” and a consensus price target of $7.50.

Shares of The Bancorp (NASDAQ:TBBK) traded up 2.07% during trading on Friday, hitting $7.88. The company’s stock had a trading volume of 423,764 shares. The company has a 50-day moving average price of $7.47 and a 200-day moving average price of $6.11. The stock’s market cap is $438.83 million. The Bancorp has a one year low of $4.41 and a one year high of $8.20.

The Bancorp (NASDAQ:TBBK) last posted its earnings results on Thursday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The Bancorp had a negative return on equity of 4.32% and a negative net margin of 50.29%. The firm had revenue of $45.39 million for the quarter, compared to analyst estimates of $42.40 million. Equities analysts predict that The Bancorp will post $0.48 EPS for the current fiscal year.

In related news, Director Walter T. Beach sold 106,784 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $7.74, for a total value of $826,508.16. Following the sale, the director now owns 122,640 shares of the company’s stock, valued at approximately $949,233.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Leo Connolly bought 40,000 shares of The Bancorp stock in a transaction that occurred on Wednesday, June 14th. The stock was bought at an average cost of $6.57 per share, for a total transaction of $262,800.00. Following the purchase, the executive vice president now owns 44,762 shares in the company, valued at approximately $294,086.34. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 104,498 shares of company stock worth $687,987 and sold 286,973 shares worth $1,935,818. 12.40% of the stock is currently owned by corporate insiders.

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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).