The Bancorp Inc. (NASDAQ:TBBK) CFO Frenkiel Paul acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was acquired at an average price of $4.50 per share, with a total value of $45,000.00. Following the completion of the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $90,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of The Bancorp Inc. (NASDAQ:TBBK) opened at 6.54 on Thursday. The Bancorp Inc. has a 52 week low of $3.88 and a 52 week high of $8.20. The firm’s market capitalization is $247.51 million. The stock has a 50 day moving average price of $6.05 and a 200-day moving average price of $5.90.
The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.24. On average, analysts anticipate that The Bancorp Inc. will post ($1.03) EPS for the current year.
Hedge funds have recently bought and sold shares of the company. BlackRock Advisors LLC boosted its stake in The Bancorp by 1.4% in the second quarter. BlackRock Advisors LLC now owns 16,668 shares of the company’s stock worth $100,000 after buying an additional 235 shares during the last quarter. American International Group Inc. boosted its stake in The Bancorp by 2.2% in the second quarter. American International Group Inc. now owns 20,179 shares of the company’s stock worth $121,000 after buying an additional 436 shares during the last quarter. Alliancebernstein L.P. boosted its stake in The Bancorp by 16.8% in the second quarter. Alliancebernstein L.P. now owns 20,900 shares of the company’s stock worth $126,000 after buying an additional 3,000 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in The Bancorp during the first quarter worth $125,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in The Bancorp during the second quarter worth $152,000. 77.98% of the stock is owned by institutional investors.
A number of research firms have recently commented on TBBK. Zacks Investment Research cut The Bancorp from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 price target on shares of The Bancorp in a research note on Monday, July 25th. Raymond James Financial Inc. raised The Bancorp from a “market perform” rating to a “strong-buy” rating and set a $6.50 price target on the stock in a research note on Tuesday, August 9th. Finally, TheStreet lowered The Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, August 29th.
The Bancorp Company Profile
The Bancorp, Inc 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 Company operates through three segments: specialty finance, payments and corporate.
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