Insider Buying: John C. Chrystal Buys 2,000 Shares of Bancorp Stock (TBBK)
Bancorp (NASDAQ:TBBK) Director John C. Chrystal acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, July 30th. The shares were purchased at an average price of $9.71 per share, with a total value of $19,420.00. Following the purchase, the director now directly owns 11,000 shares in the company, valued at approximately $106,810. The purchase was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on TBBK shares. 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.27.
Shares of Bancorp (NASDAQ:TBBK) traded down 0.84% during mid-day trading on Friday, hitting $9.42. 31,703 shares of the company’s stock traded hands. Bancorp has a 52-week low of $9.25 and a 52-week high of $20.24. The stock’s 50-day moving average is $11.23 and its 200-day moving average is $16.17. The company has a market cap of $354.3 million and a P/E ratio of 52.20.
Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data 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. On average, analysts predict that Bancorp will post $0.48 earnings per share for the current fiscal year.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
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