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

Short Interest in Bancorp Inc (NASDAQ:TBBK) Drops By 6.4%

researchsnappy by researchsnappy
December 16, 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) was the target of a large decrease in short interest in November. As of November 29th, there was short interest totalling 245,700 shares, a decrease of 6.4% from the November 14th total of 262,500 shares. Based on an average daily volume of 193,700 shares, the short-interest ratio is presently 1.3 days. Approximately 0.5% of the company’s stock are short sold.

Shares of NASDAQ TBBK traded up $0.40 during trading on Monday, reaching $12.78. 4,532 shares of the stock traded hands, compared to its average volume of 280,784. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.72 and a quick ratio of 0.61. The stock has a market capitalization of $704.55 million, a P/E ratio of 18.52 and a beta of 1.27. Bancorp has a 52-week low of $7.64 and a 52-week high of $12.69. The company has a 50-day moving average of $11.21 and a 200-day moving average of $9.88.

Bancorp (NASDAQ:TBBK) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.11. The company had revenue of $71.08 million during the quarter, compared to analyst estimates of $63.76 million. Bancorp had a return on equity of 12.67% and a net margin of 20.66%. Analysts expect that Bancorp will post 1.09 earnings per share for the current fiscal year.

In other Bancorp news, CEO Damian Kozlowski bought 4,460 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $11.63 per share, for a total transaction of $51,869.80. Also, EVP Ron J. Wechsler sold 2,539 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $10.95, for a total value of $27,802.05. Over the last ninety days, insiders acquired 17,460 shares of company stock valued at $195,280 and sold 104,340 shares valued at $1,858,113. Corporate insiders own 11.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Panagora Asset Management Inc. increased its position in shares of Bancorp by 3,288.5% in the second quarter. Panagora Asset Management Inc. now owns 10,945 shares of the bank’s stock worth $98,000 after purchasing an additional 10,622 shares during the last quarter. Patriot Financial Partners GP LP bought a new position in shares of Bancorp in the 3rd quarter worth $109,000. BerganKDV Wealth Management LLC increased its holdings 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 worth $104,000 after buying an additional 2,090 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Bancorp by 24.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,550 shares of the bank’s stock worth $139,000 after purchasing an additional 3,080 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Bancorp by 24.2% during the 2nd quarter. Bank of Montreal Can now owns 15,758 shares of the bank’s stock valued at $141,000 after buying an additional 3,071 shares in the last quarter. Hedge funds and other institutional investors own 78.87% of the company’s stock.

TBBK has been the topic of a number of recent analyst reports. ValuEngine lowered Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. BidaskClub upgraded shares of Bancorp from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Bancorp from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Saturday, November 2nd. Finally, Sandler O’Neill upgraded Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $12.00.

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.

Recommended Story: Back-End Load

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

Is Tasigna (Or Nilotinib) Worth Testing For Parkinson’s? : Shots

Next Post

Device reliably measures knee flexion gap for TKA

Next Post
Fistula placement pre-dialysis can help maintain eGFR

Device reliably measures knee flexion gap for TKA

Research Snappy

Category

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

Top 10 Market Research Companies in the world

Market Research 101: How to Make Data Your Superpower

The Role of Artificial Intelligence in Transforming Market Research

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

© 2023 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

© 2023 researchsnappy.com