A History of Outperforming Analyst Forecasts and Beating the Odds: Bancorp Inc. (TBBK)

With 0.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $44.15 whereas the lowest price it dropped to was $42.41. The 52-week range on TBBK shows that it touched its highest point at $47.11 and its lowest point at $25.13 during that stretch. It currently has a 1-year price target of $53.33. Beta for the stock currently stands at 1.49.

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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 2.88%, but this was up by 12.42% over a month. Three-month performance surged to 15.96% while six-month performance rose 14.24%. The stock gained 24.16% in the past year, while it has gained 13.82% so far this year. A look at the trailing 12-month EPS for TBBK yields 3.49 with Next year EPS estimates of 5.03. For the next quarter, that number is 1.06. This implies an EPS growth rate of 20.79% for this year and 14.48% 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 17.57%.

Float and Shares Shorts:

At present, 53.20 million TBBK shares are outstanding with a float of 51.10 million shares on hand for trading. On Jan 31, 2024, short shares totaled 3.04 million, which was 5.72% higher than short shares on Dec 29, 2023. In addition to Mr. Damian M. Kozlowski as the firm’s CEO, President & Director, Mr. Paul Frenkiel CPA serves as its Executive VP of Strategy, Secretary, CFO & Principal Accounting Officer.

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 $55.00 and a low target of $50.00, the average target price over the next 12 months is $53.33. Based on these targets, TBBK could surge 25.31% to reach the target high and rise by 13.92% to reach the target low. Reaching the average price target will result in a growth of 21.51% from current levels.

Summary of Insider Activity:

Insiders traded TBBK stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 241 shares were bought while 0 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 87,190 while 123,628 shares were sold.