Stocks of Bancorp Inc (NASDAQ:TBBK) traded higher last session on Wall Street, up 0.53% to $55.87.
TBBK stock price is now 1.47% away from the 50-day moving average and 21.55% away from the 200-day moving average. The market capitalization of the company currently stands at $2.68B.
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With the price target of $38, Raymond James recently initiated with Outperform rating for Bancorp Inc (NASDAQ: TBBK). On January 12, 2022, Keefe Bruyette recently initiated its ‘Outperform’ rating on the stock quoting a target price of $40, while ‘Sandler O’Neill’ rates the stock as ‘Buy’
In other news, Leto John, EVP Head of Institutional Bank sold 51,000 shares of the company’s stock on Nov 13 ’24. The stock was sold for $2,932,964 at an average price of $57.51. Upon completion of the transaction, the EVP Head of Institutional Bank now directly owns 154,770 shares in the company, valued at $8.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer JOHN LETO bought 51,000 shares of the business’s stock. A total of $2,932,964 was incurred on buying the stock at an average price of $57.51. A total of 8.85% of the company’s stock is owned by insiders.
During the past 12 months, Bancorp Inc has had a low of $29.92 and a high of $61.17. The fifty day moving average price for TBBK is $55.0538 and a two-hundred day moving average price translates $45.9605 for the stock.
The latest earnings results from Bancorp Inc (NASDAQ: TBBK) was released for 2024-09-30. The net profit margin was 30.90% and return on equity was 25.89% for TBBK. The company reported revenue of $139.68 million for the quarter, compared to $128.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.31 percent. For the current quarter, analysts expect TBBK to generate $96.76M in revenue.
