Exclusive: What’s Ahead for Bancorp Inc After Today’s Big Increase?

Exclusive: What's Ahead for Bancorp Inc After Today's Big Increase?

The stock of Bancorp Inc (NASDAQ:TBBK) is a huge mover today! The stock increased 4.01% or $0.24 during the last trading session, hitting $6.23. About 1.90M shares traded hands or 1033.04% up from the average. Bancorp Inc (NASDAQ:TBBK) has risen 3.99% since March 29, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
The move comes after 6 months positive chart setup for the $294.55M company. It was reported on Oct, 31 by Barchart.com. We have $11.90 PT which if reached, will make NASDAQ:TBBK worth $268.04M more.

Analysts await Bancorp Inc (NASDAQ:TBBK) to report earnings on November, 3. They expect $-0.02 earnings per share, up 90.00% or $0.18 from last year’s $-0.2 per share. After $-0.47 actual earnings per share reported by Bancorp Inc for the previous quarter, Wall Street now forecasts -95.74% EPS growth.

Bancorp Inc (NASDAQ:TBBK) Ratings Coverage

Out of 2 analysts covering Bancorp (NASDAQ:TBBK), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Bancorp has been the topic of 4 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Hold” on Thursday, August 27. As per Tuesday, August 9, the company rating was upgraded by Raymond James.

According to Zacks Investment Research, “The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing.”

Insitutional Activity: The institutional sentiment decreased to 1.4 in 2016 Q2. Its down 0.37, from 1.77 in 2016Q1. The ratio is negative, as 3 funds sold all Bancorp Inc shares owned while 27 reduced positions. 11 funds bought stakes while 31 increased positions. They now own 28.19 million shares or 3.97% less from 29.35 million shares in 2016Q1.
Bbva Compass Bankshares last reported 0.01% of its portfolio in the stock. The Massachusetts-based Geode Capital Limited Liability Corp has invested 0% in Bancorp Inc (NASDAQ:TBBK). Nantahala Management reported 1.53 million shares or 1% of all its holdings. The New York-based Qs Investors has invested 0% in Bancorp Inc (NASDAQ:TBBK). Spark Inv Lc holds 0.01% or 14,000 shares in its portfolio. Pdt Prtn Lc, a New York-based fund reported 16,900 shares. Haverford Tru Co, a Pennsylvania-based fund reported 100,000 shares. Tower Rech Capital Lc (Trc) holds 2,703 shares or 0% of its portfolio. The New York-based New York State Common Retirement Fund has invested 0% in Bancorp Inc (NASDAQ:TBBK). Blackrock reported 7,230 shares or 0% of all its holdings. Teachers Advisors Incorporated owns 70,440 shares or 0% of their US portfolio. California State Teachers Retirement System holds 0% or 73,502 shares in its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 1,374 shares in its portfolio. Eidelman Virant Capital holds 0.22% of its portfolio in Bancorp Inc (NASDAQ:TBBK) for 58,300 shares. Deutsche National Bank Ag accumulated 0% or 102,655 shares.

Insider Transactions: Since August 10, 2016, the stock had 15 buys, and 0 selling transactions for $5.10 million net activity. BRADLEY MICHAEL J had bought 10,000 shares worth $50,500 on Wednesday, August 17. McGraw Donald F JR also bought $45,000 worth of Bancorp Inc (NASDAQ:TBBK) on Tuesday, October 4. 440,000 shares were bought by COHEN DANIEL G, worth $1.98 million on Tuesday, October 4. Another trade for 2,000 shares valued at $12,175 was made by McFadden Joseph Hugh on Friday, September 9. Kozlowski Damian also bought $48,461 worth of Bancorp Inc (NASDAQ:TBBK) on Wednesday, August 10. On Tuesday, October 4 the insider Beach Walter T bought $810,000. $135,460 worth of Bancorp Inc (NASDAQ:TBBK) was bought by Leto John on Tuesday, August 23.

More news for Bancorp Inc (NASDAQ:TBBK) were recently published by: Businesswire.com, which released: “HopFed Bancorp, Inc. Reports Third Quarter Results” on October 31, 2016. Businesswire.com‘s article titled: “TFB Bancorp, Inc. Announces Earnings Increase of 23% for the First Nine Months …” and published on October 31, 2016 is yet another important article.

TBBK Company Profile

The Bancorp, Inc., incorporated on July 20, 1999, is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Firm operates through three divisions: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio and corporate overhead, and other non-allocated expenses.

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