The Bancorp, Inc. (TBBK) Director John C. Chrystal Sells 62,285 Shares
The Bancorp, Inc. (NASDAQ:TBBK) Director John C. Chrystal sold 62,285 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.65, for a total value of $601,050.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of The Bancorp, Inc. (NASDAQ:TBBK) traded up $0.01 during midday trading on Thursday, hitting $9.65. The stock had a trading volume of 393,029 shares, compared to its average volume of 320,772. The Bancorp, Inc. has a 52 week low of $4.41 and a 52 week high of $10.19. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.16.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 target price on shares of The Bancorp in a research report on Friday, November 10th. Zacks Investment Research raised The Bancorp from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Wednesday, November 1st. Finally, BidaskClub raised The Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $8.56.
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The Bancorp Company Profile
The Bancorp, Inc is a financial holding company and its primary subsidiary is The Bancorp Bank (the Bank). The Company has four primary lines of specialty lending: securities backed lines of credit (SBLOC), automobile fleet and other equipment leasing, Small Business Administration (SBA), loans and loans generated for sale into capital markets primarily through both commercial mortgage backed securities (CMBS) and collateralized loan obligations (CLOs).
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