The Bancorp Inc. (NASDAQ: TBBK) stock jumped 0.86% on Tuesday to $31.56 against a previous-day closing price of $31.29. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.42 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $31.77 whereas the lowest price it dropped to was $31.00. The 52-week range on TBBK shows that it touched its highest point at $37.58 and its lowest point at $16.59 during that stretch. It currently has a 1-year price target of $40.33. Beta for the stock currently stands at 1.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TBBK was up-trending over the past week, with a rise of 8.42%, but this was up by 15.60% over a month. Three-month performance dropped to -7.39% while six-month performance rose 6.55%. The stock gained 70.87% in the past year, while it has gained 11.21% so far this year. A look at the trailing 12-month EPS for TBBK yields 2.65 with Next year EPS estimates of 4.09. For the next quarter, that number is 0.88. This implies an EPS growth rate of 21.10% for this year and 13.03% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.80%.
Float and Shares Shorts:
At present, 55.45 million TBBK shares are outstanding with a float of 53.91 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.0 million, which was 3.61% higher than short shares on Mar 30, 2023. In addition to Mr. Damian M. Kozlowski as the firm’s CEO, Pres & Director, Mr. Paul Frenkiel CPA serves as its Exec. VP of Strategy, Sec., CFO & Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 95.48% of TBBK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.14% of TBBK, in contrast to 29.18% held by mutual funds. Shares owned by individuals account for 19.98%. As the largest shareholder in TBBK with 13.90% of the stake, BlackRock Fund Advisors holds 7,726,726 shares worth 7,726,726. A second-largest stockholder of TBBK, The Vanguard Group, Inc., holds 3,519,022 shares, controlling over 6.33% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in TBBK, holding 3,292,817 shares or 5.92% stake. With a 7.16% stake in TBBK, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,982,366 shares are owned by the mutual fund manager. The Fidelity VIP – Mid Cap Portfolio, which owns about 3.29% of TBBK stock, is the second-largest Mutual Fund holder. It holds 1,831,222 shares valued at 58.43 million. Vanguard Total Stock Market ETF holds 2.76% of the stake in TBBK, owning 1,534,653 shares worth 48.97 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TBBK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TBBK analysts setting a high price target of $42.00 and a low target of $38.00, the average target price over the next 12 months is $40.33. Based on these targets, TBBK could surge 33.08% to reach the target high and rise by 20.41% to reach the target low. Reaching the average price target will result in a growth of 27.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TBBK stock several times over the past three months with 4 Buys and 1 Sells. In these transactions, 4,650 shares were bought while 3,342 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 498,753 while 155,198 shares were sold.
