The Bancorp (TBBK) Receives Daily News Impact Rating of 0.04

News headlines about The Bancorp (NASDAQ:TBBK) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Bancorp earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the bank an impact score of 47.3330019257111 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages recently weighed in on TBBK. BidaskClub lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. UBS AG raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Raymond James Financial, Inc. raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Finally, TheStreet raised shares of The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The Bancorp has a consensus rating of “Buy” and a consensus price target of $7.75.

Shares of The Bancorp (TBBK) traded up 0.95% during midday trading on Friday, hitting $8.47. 246,924 shares of the stock traded hands. The stock’s market cap is $472.26 million. The company’s 50 day moving average price is $8.14 and its 200-day moving average price is $7.13. The Bancorp has a 12-month low of $4.41 and a 12-month high of $8.59.

The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%. The company had revenue of $45.39 million for the quarter, compared to the consensus estimate of $42.40 million. On average, equities research analysts expect that The Bancorp will post $0.48 EPS for the current year.

In related news, Director Walter T. Beach sold 106,784 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $7.74, for a total transaction of $826,508.16. Following the completion of the transaction, the director now owns 122,640 shares in the company, valued at approximately $949,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Castle Creek Capital Partners purchased 225,000 shares of The Bancorp stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $7.41 per share, with a total value of $1,667,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 323,700 shares of company stock valued at $2,409,100. Insiders own 12.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “The Bancorp (TBBK) Receives Daily News Impact Rating of 0.04” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original

A number of brokerages recently weighed in on TBBK. BidaskClub lowered shares of The Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. UBS AG raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of The Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Raymond James Financial, Inc. raised shares of The Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 31st. Finally, TheStreet raised shares of The Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The Bancorp has a consensus rating of “Buy” and a consensus price target of $7.75.

Shares of The Bancorp (TBBK) traded up 0.95% during midday trading on Friday, hitting $8.47. 246,924 shares of the stock traded hands. The stock’s market cap is $472.26 million. The company’s 50 day moving average price is $8.14 and its 200-day moving average price is $7.13. The Bancorp has a 12-month low of $4.41 and a 12-month high of $8.59.

The Bancorp (NASDAQ:TBBK) last posted its quarterly earnings data on Thursday, July 27th. The bank reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The Bancorp had a negative return on equity of 4.27% and a negative net margin of 16.27%. The company had revenue of $45.39 million for the quarter, compared to the consensus estimate of $42.40 million. On average, equities research analysts expect that The Bancorp will post $0.48 EPS for the current year.

In related news, Director Walter T. Beach sold 106,784 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $7.74, for a total transaction of $826,508.16. Following the completion of the transaction, the director now owns 122,640 shares in the company, valued at approximately $949,233.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Castle Creek Capital Partners purchased 225,000 shares of The Bancorp stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $7.41 per share, with a total value of $1,667,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 323,700 shares of company stock valued at $2,409,100. Insiders own 12.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “The Bancorp (TBBK) Receives Daily News Impact Rating of 0.04” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/21/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-the-bancorp-tbbk-stock-price.html.

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).

Insider Buying and Selling by Quarter for The Bancorp (NASDAQ:TBBK)

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