The Bancorp, Inc. (NASDAQ:TBBK – Get Rating) Director Matthew Cohn bought 350 shares of Bancorp stock in a transaction dated Thursday, May 25th. The stock was acquired at an average cost of $32.21 per share, for a total transaction of $11,273.50. Following the completion of the transaction, the director now directly owns 137,075 shares in the company, valued at $4,415,185.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Bancorp Stock Performance
NASDAQ TBBK traded up $0.70 on Friday, reaching $33.04. 243,562 shares of the stock were exchanged, compared to its average volume of 388,196. The Bancorp, Inc. has a one year low of $16.59 and a one year high of $37.58. The firm has a market capitalization of $1.81 billion, a PE ratio of 12.36 and a beta of 1.46. The company’s 50-day simple moving average is $28.85 and its two-hundred day simple moving average is $30.31. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 0.17.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TBBK. Raymond James initiated coverage on shares of Bancorp in a research report on Monday, January 30th. They set an “outperform” rating and a $38.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Bancorp from $43.00 to $39.00 in a research note on Thursday, April 6th. StockNews.com upgraded shares of Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Bancorp from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, April 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Institutional Investors Weigh In On Bancorp
The Bancorp, Inc operates as a financial holding company. The firm engages in the provision of private label banking and financial services through the Bank. It operates through the following segments: Specialty Finance, Payments and Corporate. The Specialty Finance segment consists of commercial mortgage loan sales and securitizations, small business administration loans, direct lease financing, and security and insurance backed lines of credit and deposits generated by business lines.
- Get a free copy of the StockNews.com research report on Bancorp (TBBK)
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