Bancorp CEO Betsy Z. Cohen Buys 10,000 Shares (TBBK)
Bancorp (NASDAQ:TBBK) CEO Betsy Z. Cohen purchased 10,000 shares of Bancorp stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of $9.57 per share, with a total value of $95,700.00. Following the completion of the purchase, the chief executive officer now directly owns 446,309 shares of the company’s stock, valued at approximately $4,271,177. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Bancorp (NASDAQ:TBBK) traded up 2.94% on Wednesday, hitting $9.82. The stock had a trading volume of 276,029 shares. Bancorp has a 1-year low of $9.25 and a 1-year high of $20.24. The stock’s 50-day moving average is $11.47 and its 200-day moving average is $16.26. The company has a market cap of $369.3 million and a P/E ratio of 52.42.
Bancorp (NASDAQ:TBBK) last announced its earnings results on Wednesday, July 23rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.10. Analysts expect that Bancorp will post $0.48 EPS for the current fiscal year.
A number of research firms have recently commented on TBBK. Analysts at BTIG Research upgraded shares of Bancorp from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. They now have a $14.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Bancorp in a research note on Thursday, June 12th. They now have a $14.00 price target on the stock, down previously from $18.00. Finally, analysts at Sandler O’Neill downgraded shares of Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Bancorp has a consensus rating of “Hold” and a consensus price target of $14.27.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
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