The price-to-earnings ratio for Bancorp Inc. (NASDAQ: TBBK) is above average at 9.51x. The 36-month beta value for TBBK is also noteworthy at 1.41. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for TBBK is 47.89M, and at present, short sellers hold a 9.43% of that float. The average trading volume of TBBK on April 19, 2024 was 678.21K shares.
TBBK) stock’s latest price update
Bancorp Inc. (NASDAQ: TBBK) has seen a rise in its stock price by 1.07 in relation to its previous close of 32.84. However, the company has experienced a 5.70% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-12 that WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (“Bancorp”) (Nasdaq: TBBK) today announced that it will release its first quarter 2024 financial results after market hours on Thursday, April 25, 2024, and invites investors and other interested parties to listen to its earnings results conference call on Friday, April 26, 2024, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the.
TBBK’s Market Performance
Bancorp Inc. (TBBK) has seen a 5.70% rise in stock performance for the week, with a -5.28% decline in the past month and a -12.89% plunge in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 3.58% for TBBK. The simple moving average for the past 20 days is 2.50% for TBBK’s stock, with a -11.46% simple moving average for the past 200 days.
Analysts’ Opinion of TBBK
Many brokerage firms have already submitted their reports for TBBK stocks, with Raymond James repeating the rating for TBBK by listing it as a “Outperform.” The predicted price for TBBK in the upcoming period, according to Raymond James is $38 based on the research report published on January 30, 2023 of the previous year 2023.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see TBBK reach a price target of $40. The rating they have provided for TBBK stocks is “Outperform” according to the report published on January 12th, 2022.
TBBK Trading at -11.63% from the 50-Day Moving Average
After a stumble in the market that brought TBBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.55% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -7.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.81% lower at present.
During the last 5 trading sessions, TBBK rose by +5.70%, which changed the moving average for the period of 200-days by -0.03% in comparison to the 20-day moving average, which settled at $32.25. In addition, Bancorp Inc. saw -13.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TBBK starting from Cohn Matthew, who purchase 2,485 shares at the price of $34.21 back on Mar 15 ’24. After this action, Cohn Matthew now owns 157,627 shares of Bancorp Inc., valued at $85,000 using the latest closing price.
Mudick Stephanie B, the Director of Bancorp Inc., purchase 2,000 shares at $37.11 during a trade that took place back on Mar 12 ’24, which means that Mudick Stephanie B is holding 31,584 shares at $74,222 based on the most recent closing price.
Stock Fundamentals for TBBK
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 1.0 for the gross margin
The net margin for Bancorp Inc. stands at 0.41. The total capital return value is set at 0.28. Equity return is now at value 25.62, with 2.46 for asset returns.
Based on Bancorp Inc. (TBBK), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.26. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 2.31.
Currently, EBITDA for the company is 1.0 with net debt to EBITDA at -4.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The receivables turnover for the company is 0.64for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In summary, Bancorp Inc. (TBBK) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
