Bancorp Inc. (NASDAQ: TBBK) kicked off on Tuesday, up 1.16% from the previous trading day, before settling in for the closing price of $34.50. Over the past 52 weeks, TBBK has traded in a range of $25.97-$47.11.
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During the last 5-year period, the sales growth of Financial Sector giant was 21.93%. While this was happening, its average annual earnings per share was recorded 19.87%. With a float of $47.89 million, this company’s outstanding shares have now reached $53.20 million.
Let’s determine the extent of company efficiency that accounts for 757 employees.
Bancorp Inc. (TBBK) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of Bancorp Inc. is 8.35%, while institutional ownership is 94.85%. The most recent insider transaction that took place on Mar 15 ’24, was worth 85,000. In this transaction Director of this company bought 2,485 shares at a rate of $34.21, taking the stock ownership to the 157,627 shares. Before that another transaction happened on Mar 12 ’24, when Company’s Director bought 2,000 for $37.11, making the entire transaction worth $74,222. This insider now owns 31,584 shares in total.
Bancorp Inc. (TBBK) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported 0.88 earnings per share (EPS), higher than consensus estimate (set at 0.76) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to 17.59% growth over the previous five years of trading.
Bancorp Inc. (NASDAQ: TBBK) Trading Performance Indicators
Take a look at Bancorp Inc.’s (TBBK) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.92. Likewise, its price to free cash flow for the trailing twelve months is 10.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.49, a number that is poised to hit 1.06 in the next quarter and is forecasted to reach 5.00 in one year’s time.
Technical Analysis of Bancorp Inc. (TBBK)
Looking closely at Bancorp Inc. (NASDAQ: TBBK), its last 5-days average volume was 0.59 million, which is a drop from its year-to-date volume of 0.63 million. As of the previous 9 days, the stock’s Stochastic %D was 93.58%. Additionally, its Average True Range was 1.12.
During the past 100 days, Bancorp Inc.’s (TBBK) raw stochastic average was set at 26.16%, which indicates a significant decrease from 85.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.37% in the past 14 days, which was lower than the 40.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.87, while its 200-day Moving Average is $37.52. However, in the short run, Bancorp Inc.’s stock first resistance to watch stands at $35.47. Second resistance stands at $36.04. The third major resistance level sits at $36.51. If the price goes on to break the first support level at $34.43, it is likely to go to the next support level at $33.96. Should the price break the second support level, the third support level stands at $33.39.
Bancorp Inc. (NASDAQ: TBBK) Key Stats
The company with the Market Capitalisation of 1.82 billion has total of 52,253K Shares Outstanding. Its annual sales at the moment are 621,600 K in contrast with the sum of 192,300 K annual income. Company’s last quarter sales were recorded 159,060 K and last quarter income was 44,030 K.
