News stories about The Bancorp (NASDAQ:TBBK) have been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Bancorp earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.7244161153806 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of The Bancorp (NASDAQ TBBK) traded up 2.86% during mid-day trading on Friday, hitting $8.64. The stock had a trading volume of 726,952 shares. The firm has a 50 day moving average of $8.19 and a 200 day moving average of $7.23. The Bancorp has a one year low of $4.41 and a one year high of $9.00. The stock’s market cap is $481.74 million.
The Bancorp (NASDAQ:TBBK) last announced its earnings results on Thursday, July 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 16.27% and a negative return on equity of 4.27%. The business had revenue of $45.39 million during the quarter, compared to the consensus estimate of $42.40 million. On average, analysts forecast that The Bancorp will post $0.48 earnings per share for the current year.
Several analysts have issued reports on the company. Zacks Investment Research cut The Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded The Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Raymond James Financial, Inc. upgraded The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. UBS AG upgraded The Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $6.50 price target on shares of The Bancorp in a research report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $7.75.
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In other news, EVP Ron J. Wechsler sold 5,000 shares of The Bancorp stock in a transaction dated Monday, August 21st. The shares were 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 directly owns 43,299 shares in the company, valued at $329,505.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Castle Creek Capital Partners purchased 225,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $7.41 per share, for a total transaction of $1,667,250.00. The disclosure for this purchase can be found here. Insiders have purchased 323,700 shares of company stock valued at $2,409,100 in the last three months. 12.40% of the stock is owned by insiders.
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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