Press coverage about The Bancorp (NASDAQ:TBBK) has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The Bancorp earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.979527801131 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of The Bancorp (NASDAQ:TBBK) traded down 1.08% during trading on Friday, reaching $7.36. 221,858 shares of the company’s stock traded hands. The stock’s market cap is $410.37 million. The company has a 50 day moving average price of $7.62 and a 200-day moving average price of $6.17. 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 quarterly earnings results on Thursday, July 27th. The bank reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $45.39 million during the quarter, compared to the consensus estimate of $42.40 million. On average, equities research analysts expect that The Bancorp will post $0.48 EPS for the current fiscal year.
A number of equities analysts recently issued reports on TBBK shares. BTIG Research raised shares of The Bancorp from a “neutral” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Monday, May 1st. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet downgraded shares of 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, Raymond James Financial, Inc. raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, July 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $7.75.
In other The Bancorp news, CAO John Leto bought 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was bought at an average cost of $6.61 per share, with a total value of $264,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 135,762 shares in the company, valued at approximately $897,386.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Walter T. Beach sold 41,360 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $6.19, for a total transaction of $256,018.40. Following 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. Over the last ninety days, insiders acquired 104,498 shares of company stock valued at $687,987 and sold 286,973 shares valued at $1,935,818. 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).
Receive News & Ratings for The Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bancorp Inc. and related companies with our FREE daily email newsletter.