The stock of Bancorp Inc (NASDAQ:TBBK) is a huge mover today! About 87,782 shares traded hands. Bancorp Inc (NASDAQ:TBBK) has risen 24.26% since March 7, 2016 and is uptrending. It has outperformed by 16.67% the S&P500.
The move comes after 6 months positive chart setup for the $264.04 million company. It was reported on Oct, 10 by Barchart.com. We have $15.12 PT which if reached, will make NASDAQ:TBBK worth $306.29 million more.
Analysts await Bancorp Inc (NASDAQ:TBBK) to report earnings on November, 3. They expect $-0.02 EPS, up 90.00% or $0.18 from last year’s $-0.2 per share. After $-0.47 actual EPS reported by Bancorp Inc for the previous quarter, Wall Street now forecasts -95.74% EPS growth.
Bancorp Inc (NASDAQ:TBBK) Ratings Coverage
Out of 2 analysts covering Bancorp (NASDAQ:TBBK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bancorp has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of Bancorp Inc (NASDAQ:TBBK) has “Hold” rating given on Thursday, August 27 by TheStreet. The stock of Bancorp Inc (NASDAQ:TBBK) earned “Strong Buy” rating by Raymond James on Tuesday, August 9.
According to Zacks Investment Research, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing.”
Insitutional Activity: The institutional sentiment decreased to 1.4 in 2016 Q2. Its down 0.37, from 1.77 in 2016Q1. The ratio dived, as 3 funds sold all Bancorp Inc shares owned while 27 reduced positions. 11 funds bought stakes while 31 increased positions. They now own 28.19 million shares or 3.97% less from 29.35 million shares in 2016Q1.
Northern last reported 0% of its portfolio in the stock. Teachers Advisors accumulated 0% or 70,440 shares. Price Michael F has 407,500 shares for 0.33% of their US portfolio. Strs Ohio reported 94,600 shares or 0% of all its holdings. First Advsrs Lp, a Illinois-based fund reported 37,472 shares. Second Curve Capital has 2.11M shares for 9.84% of their US portfolio. Moreover, Blackrock Institutional Com Na has 0% invested in Bancorp Inc (NASDAQ:TBBK) for 1.05 million shares. Voya Ltd Co holds 20,576 shares or 0% of its portfolio. Blackrock Invest Management Limited Company last reported 0% of its portfolio in the stock. Moreover, Manufacturers Life The has 0% invested in Bancorp Inc (NASDAQ:TBBK) for 28,431 shares. Springbok Capital Management Limited Liability Corp has 8,100 shares for 0.01% of their US portfolio. Citadel Ltd Liability Corporation holds 12,287 shares or 0% of its portfolio. Glenmede Tru Com Na holds 0% or 603 shares in its portfolio. The New York-based Goldman Sachs Group Inc has invested 0% in Bancorp Inc (NASDAQ:TBBK). Endicott Management has 3.61% invested in the company for 1.64 million shares.
Insider Transactions: Since August 10, 2016, the stock had 15 buys, and 0 insider sales for $5.10 million net activity. KOZLOV HERSH bought $122,300 worth of stock or 20,000 shares. Kozlowski Damian bought $48,461 worth of stock. Beach Walter T bought 180,000 shares worth $810,000. On Tuesday, October 4 KUIPER JEREMY L bought $45,000 worth of the stock or 10,000 shares. $1.98M worth of shares were bought by COHEN DANIEL G on Tuesday, October 4. Chrystal John C bought $1.13 million worth of stock or 250,000 shares. 100,000 shares were bought by McEntee James J III, worth $450,000.
Another recent and important Bancorp Inc (NASDAQ:TBBK) news was published by Businesswire.com which published an article titled: “Salem Five Bancorp to Acquire Georgetown Bancorp, Inc.” on October 06, 2016.
TBBK Company Profile
The Bancorp, Inc., incorporated on July 20, 1999, is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Firm operates through three divisions: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio and corporate overhead, and other non-allocated expenses.
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