Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Matthew Cohn Purchases 10,000 Shares of Bancorp Inc (NASDAQ:TBBK) Stock

researchsnappy by researchsnappy
November 17, 2019
in Investment Research
0
Matthew Cohn Purchases 10,000 Shares of Bancorp Inc (NASDAQ:TBBK) Stock
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Bancorp logoBancorp Inc (NASDAQ:TBBK) Director Matthew Cohn bought 10,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were acquired at an average cost of $11.00 per share, for a total transaction of $110,000.00.

TBBK opened at $11.12 on Friday. The stock’s fifty day moving average is $10.45 and its 200-day moving average is $9.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.47 and a current ratio of 0.72. The company has a market capitalization of $644.80 million, a PE ratio of 16.12 and a beta of 1.26. Bancorp Inc has a one year low of $7.64 and a one year high of $11.76.

Bancorp (NASDAQ:TBBK) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $71.08 million during the quarter, compared to analysts’ expectations of $63.76 million. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. On average, equities research analysts forecast that Bancorp Inc will post 1.09 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. raised its holdings in Bancorp by 3,288.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 10,945 shares of the bank’s stock valued at $98,000 after acquiring an additional 10,622 shares in the last quarter. BerganKDV Wealth Management LLC grew its stake in shares of Bancorp by 21.8% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 11,697 shares of the bank’s stock valued at $104,000 after purchasing an additional 2,090 shares during the period. Patriot Financial Partners GP LP bought a new stake in shares of Bancorp in the 3rd quarter valued at approximately $109,000. Capital Investment Counsel Inc grew its stake in shares of Bancorp by 23.8% in the 2nd quarter. Capital Investment Counsel Inc now owns 12,381 shares of the bank’s stock valued at $110,000 after purchasing an additional 2,381 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Bancorp by 24.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock valued at $139,000 after purchasing an additional 3,080 shares during the period. 79.46% of the stock is owned by hedge funds and other institutional investors.

TBBK has been the topic of several recent analyst reports. Zacks Investment Research raised Bancorp from a “sell” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Saturday, November 2nd. BidaskClub raised Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, ValuEngine downgraded Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th.

About Bancorp

The Bancorp, Inc operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards.

Featured Story: When is a capital gain realized?



Receive News & Ratings for Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.


Previous Post

U.S. charges six investment bankers over insider trading scheme

Next Post

10 Best Artificial Intelligence Courses Online in 2019

Next Post
10 Best Artificial Intelligence Courses Online in 2019

10 Best Artificial Intelligence Courses Online in 2019

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

Pa. Republicans reconsider Pitt funding over fetal tissue research, college voucher program

Arthur Pharma Closes Series A Financing Round

YouTube and the Achilles Tendon: An Analysis of Internet Information Reliability and Content Quality

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2022 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2022 researchsnappy.com