Bancorp Inc. (NASDAQ: TBBK) is 22.43% higher on its value in year-to-date trading and has touched a low of $29.92 and a high of $53.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TBBK stock was last observed hovering at around $46.05 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $47.21, the stock is -3.09% and 13.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.57 million and changing 2.52% at the moment leaves the stock 22.67% off its SMA200. TBBK registered 28.88% gain for a year compared to 6-month gain of 10.54%.
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The stock witnessed a -3.85% loss in the last 1 month and extending the period to 3 months gives it a 43.19%, and is -0.19% 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 3.33% over the week and 4.82% over the month.
Bancorp Inc. (TBBK) has around 757 employees, a market worth around $2.31B and $649.93M in sales. Current P/E ratio is 12.32 and Fwd P/E is 9.04. Profit margin for the company is 31.43%. Distance from 52-week low is 57.79% and -11.72% from its 52-week high. The company has generated returns on investments over the last 12 months (22.09%).
Bancorp Inc. quarterly earnings per share for the current quarter are estimated at 1.13 with sales reaching $99.55M over the same period.The EPS is expected to grow by 21.06% this year, but quarterly earnings will post 10.00% year-over-year. Quarterly sales are estimated to grow 12.00% in year-over-year returns.
315.0 institutions hold shares in Bancorp Inc. (TBBK), with institutional investors hold 111.37% of the company’s shares. The shares outstanding are 53.20M, and float is at 46.47M with Short Float at 16.16%. Institutions hold 106.81% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.83 million shares valued at $$261.97 million. The investor’s holdings represent 14.8429 of the TBBK Shares outstanding. As of 2024-03-31, the second largest holder is FMR LLC with 4.74 million shares valued at $$158.51 million to account for 8.9814 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.62 million shares representing 6.8686 and valued at over $$121.22 million, while STATE STREET CORP holds 5.7509 of the shares totaling 3.03 million with a market value of $$101.5 million.
Bancorp Inc. (TBBK) Insider Activity
The most recent transaction is an insider sale by Creuzot Cheryl, the company’s Director. SEC filings show that Creuzot Cheryl sold 766 shares of the company’s common stock on Jun 03 ’24 at a price of $32.64 per share for a total of $25006.0. Following the sale, the insider now owns 7638.0 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 07 ’24, KOZLOV HERSH (Director) acquired 1,000 shares at an average price of $32.53 for $32530.0. The insider now directly holds 111,264 shares of Bancorp Inc. (TBBK).
