Time to Reconsider The Bancorp, Inc. (TBBK) After Achieving 52-Week High?

May 21, 2018 - By Hazel Jackson

The Bancorp, Inc. (NASDAQ:TBBK) Logo

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.86, from 1.97 in 2017Q3. It dropped, as 11 investors sold The Bancorp, Inc. shares while 35 reduced holdings. 17 funds opened positions while 34 raised stakes. 44.05 million shares or 9.03% more from 40.40 million shares in 2017Q3 were reported.
Tower Capital Llc (Trc) has invested 0% in The Bancorp, Inc. (NASDAQ:TBBK). Barrow Hanley Mewhinney & Strauss holds 0% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK) for 130,578 shares. The New York-based Blackrock has invested 0% in The Bancorp, Inc. (NASDAQ:TBBK). The Washington-based Signia Mgmt Limited Liability Co has invested 5.19% in The Bancorp, Inc. (NASDAQ:TBBK). Ny State Common Retirement Fund holds 0% in The Bancorp, Inc. (NASDAQ:TBBK) or 49,800 shares. Price T Rowe Md has 27,939 shares for 0% of their portfolio. Credit Agricole S A owns 144,000 shares. 628,144 are held by Millennium Mgmt Ltd Company. 3.56 million were accumulated by Wellington Group Limited Liability Partnership. Metropolitan Life Ins Ny holds 0% or 15,021 shares. Denver Investment Lc invested in 15,255 shares. Citadel Advsrs Ltd Co holds 0% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK) for 120,812 shares. Legal General Group Public Limited Co has invested 0% in The Bancorp, Inc. (NASDAQ:TBBK). Aqr Lc has invested 0% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK). 1,743 were reported by Federated Investors Inc Pa.

Since February 15, 2018, it had 0 insider purchases, and 2 insider sales for $1.72 million activity. Shares for $1.66M were sold by COHEN DANIEL G on Thursday, May 10.

The stock of The Bancorp, Inc. (NASDAQ:TBBK) hit a new 52-week high and has $12.79 target or 9.00 % above today’s $11.73 share price. The 5 months bullish chart indicates low risk for the $660.48 million company. The 1-year high was reported on May, 21 by Barchart.com. If the $12.79 price target is reached, the company will be worth $59.44M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.60% or $0.07 during the last trading session, reaching $11.73. About 78,462 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since May 21, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Analysts await The Bancorp, Inc. (NASDAQ:TBBK) to report earnings on July, 26. They expect $0.15 earnings per share, up 36.36 % or $0.04 from last year’s $0.11 per share. TBBK’s profit will be $8.45M for 19.55 P/E if the $0.15 EPS becomes a reality. After $0.25 actual earnings per share reported by The Bancorp, Inc. for the previous quarter, Wall Street now forecasts -40.00 % negative EPS growth.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Coverage

Among 3 analysts covering Bancorp Inc (NASDAQ:TBBK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Bancorp Inc has $13.0 highest and $11.0 lowest target. $11.83’s average target is 0.85% above currents $11.73 stock price. Bancorp Inc had 3 analyst reports since January 12, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, February 13 by Piper Jaffray. Raymond James upgraded The Bancorp, Inc. (NASDAQ:TBBK) rating on Friday, January 26. Raymond James has “Buy” rating and $13.0 target. The firm earned “Hold” rating on Friday, January 12 by Sandler O’Neill.

More news for The Bancorp, Inc. (NASDAQ:TBBK) were recently published by: Seekingalpha.com, which released: “The Bancorp’s (TBBK) CEO Damian Kozlowski on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Businesswire.com‘s article titled: “The Bancorp Names Jennifer Terry Chief Human Resources Officer” and published on May 03, 2018 is yet another important article.

The Bancorp, Inc. operates as the financial holding firm for The Bancorp Bank that provides banking services and products to individuals, and small and mid-size businesses in the United States. The company has market cap of $660.48 million. The firm offers a range of deposit services and products, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and payroll cards. It has a 30.31 P/E ratio. It also provides securities backed lines of credit, automobile fleet and other equipment leasing, small business administration loans, and loans generated for sale into capital markets primarily through commercial mortgage backed securities and collateralized loan obligations.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Chart

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