Bancorp Inc (NASDAQ: TBBK) is 47.33% higher on its value in year-to-date trading and has touched a low of $29.92 and a high of $59.26 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 $49.33 in the last trading session, with the day’s gains setting it 7.48%.
Currently trading at $56.81, the stock is 6.17% and 8.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 15.16% at the moment leaves the stock 34.31% off its SMA200. TBBK registered 44.85% gain for a year compared to 6-month gain of 71.42%. The firm has a 50-day simple moving average (SMA 50) of $52.1026 and a 200-day simple moving average (SMA200) of $42.22005.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 5.99% loss in the last 1 month and extending the period to 3 months gives it a 20.11%, and is 12.67% up 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 3.76% over the week and 3.98% over the month.
Bancorp Inc (TBBK) has around 757 employees, a market worth around $2.78B and $619.63M in sales. Current P/E ratio is 14.36 and Fwd P/E is 10.80. Profit margin for the company is 33.19%. Distance from 52-week low is 89.87% and -4.13% from its 52-week high. The company has generated returns on investments over the last 12 months (21.36%).
Bancorp Inc quarterly earnings per share for the current quarter are estimated at 1.15 with sales reaching $97.9M over the same period.The EPS is expected to grow by 18.04% this year, but quarterly earnings will post 7.40% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
324.0 institutions hold shares in Bancorp Inc (TBBK), with institutional investors hold 111.06% of the company’s shares. The shares outstanding are 53.20M, and float is at 44.71M with Short Float at 15.47%. Institutions hold 106.43% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.49 million shares valued at $282.71 million. The investor’s holdings represent 14.1941 of the TBBK Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 4.65 million shares valued at $175.72 million to account for 8.8224 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.5 million shares representing 6.6444 and valued at over $132.34 million, while STATE STREET CORP holds 6.3681 of the shares totaling 3.36 million with a market value of $126.84 million.
Bancorp Inc (TBBK) Insider Activity
The most recent transaction is an insider sale by Pareigat Thomas G., the company’s EVP and General Counsel. SEC filings show that Pareigat Thomas G. sold 5,466 shares of the company’s common stock on Nov 05 ’24 at a price of $49.03 per share for a total of $0.27 million. Following the sale, the insider now owns 73114.0 shares.
Still, SEC filings show that on Oct 29 ’24, Brockman Todd J. (Director) acquired 4,517 shares at an average price of $49.94 for $0.23 million. The insider now directly holds 4,517 shares of Bancorp Inc (TBBK).
