Insider Buying: Bancorp Director Buys 2,000 Shares of Stock (TBBK)
Bancorp (NASDAQ:TBBK) Director John C. Chrystal acquired 2,000 shares of Bancorp stock on the open market in a transaction dated Wednesday, July 30th. The shares were purchased at an average cost of $9.71 per share, with a total value of $19,420.00. Following the completion of the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $106,810. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Bancorp (NASDAQ:TBBK) opened at 9.32 on Friday. 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 $11.17 and its 200-day moving average is $16.10. The company has a market cap of $350.5 million and a price-to-earnings ratio of 52.20.
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. On average, analysts predict that Bancorp will post $0.48 earnings per share for the current fiscal year.
TBBK has been the subject of a number of recent research reports. 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 assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average 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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