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Bancorp Inc. (TBBK) – Don’t Be So Quick to Call it Dead

Bancorp Inc. (NASDAQ: TBBK) is -14.50% lower on its value in year-to-date trading and has touched a low of $28.77 and a high of $47.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TBBK stock was last observed hovering at around $34.61 in the last trading session, with the day’s loss setting it -1.64%.

Currently trading at $32.97, the stock is 0.63% and -1.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -4.74% at the moment leaves the stock -11.23% off its SMA200. TBBK registered 10.82% gain for a year compared to 6-month loss of -12.13%.

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The stock witnessed a 2.14% gain in the last 1 month and extending the period to 3 months gives it a -22.80%, and is -0.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.11% over the week and 3.72% over the month.

Bancorp Inc. (TBBK) has around 757 employees, a market worth around $1.71B and $638.14M in sales. Current P/E ratio is 8.98 and Fwd P/E is 6.28. Profit margin for the company is 31.28%. Distance from 52-week low is 14.60% and -30.01% from its 52-week high. The company has generated returns on investments over the last 12 months (20.69%).

The EPS is expected to grow by 22.34% this year

The shares outstanding are 53.20M, and float is at 49.26M with Short Float at 10.63%.

Bancorp Inc. (TBBK) Insider Activity

The most recent transaction is an insider purchase by KOZLOV HERSH, the company’s Director. SEC filings show that KOZLOV HERSH bought 1,000 shares of the company’s common stock on May 07 ’24 at a price of $32.53 per share for a total of $32530.0. Following the purchase, the insider now owns 0.11 million shares.

Bancorp Inc. disclosed in a document filed with the SEC on May 07 ’24 that Lamb William H (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $32.45 per share for $32445.0. Following the transaction, the insider now directly holds 0.22 million shares of the TBBK stock.

Still, SEC filings show that on May 06 ’24, Lamb William H (Director) acquired 3,051 shares at an average price of $32.03 for $97724.0. The insider now directly holds 214,038 shares of Bancorp Inc. (TBBK).

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