In last trading session, The Bancorp, Inc. (NASDAQ:TBBK) saw 707,571 shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $21.32 trading at $0.07 or 0.33% at ring of the bell on the day assigns it a market valuation of $1.24 Billion. That closing price of TBBK’s stock is at a discount of -15.01% from its 52-week high price of $24.52 and is indicating a premium of 78.8% from its 52-week low price of $4.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 738.18 Million shares which gives us an average trading volume of 486.62 Million if we extend that period to 3-months.
For The Bancorp, Inc. (TBBK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.5. Splitting up the data highlights that, out of 2 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.42 in the current quarter.
Upright in the green during last session for gaining 0.33%, in the last five days TBBK remained trading in the green while hitting it’s week-highest on Monday, Mar 22 when the stock touched $23.65- price level, adding 9.85% to its value on the day. The Bancorp, Inc.’s shares saw a change of 56.19% in year-to-date performance and have moved -9.66% in past 5-day. The Bancorp, Inc. (NASDAQ:TBBK) showed a performance of 5.18% in past 30-days. Number of shares sold short was 960.53 Million shares which calculate 1.97 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $21 to the stock, which implies targetted prices is already lagging behind -1.5% to its current value. Analysts have been projecting $19 as a low price target for the stock while placing it at a high target of $23. It follows that stock’s current price would jump +7.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -10.88% for stock’s current value.
The Bancorp, Inc. (TBBK) estimates and forecasts
Statistics highlight that The Bancorp, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +162.56% of value to its shares in past 6 months, showing an annual growth rate of 24.64% while that of industry is 10.3. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 90.9% in the current quarter and calculating 25.7% increase in the next quarter. This year revenue growth is estimated to rise 9.1% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $52.29 Million for the same. And 2 analysts are in estimates of company making revenue of $52.75 Million in the next quarter that will end on June 01, 2021. Company posted $37.95 Million of sales in current quarter a year earlier. Analysts are expecting this quarter sales to grow by 37.8%.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 57.9% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 54.3% while estimates for its earnings growth in next 5 years are of 12%
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The Bancorp, Inc. (NASDAQ:TBBK)’s Major holders
Insiders are in possession of 4.92% of company’s total shares while institution are holding 90.04% percent of that, with stock having share float percentage of 94.71%. Investors also watch the number of corporate investors in a company very closely, which is 216 institutions for The Bancorp, Inc. that are currently holding shares of the company. Frontier Capital Management Company LLC is the top institutional holder at TBBK for having 5.39 Million shares of worth $73.53 Million. And as of December 30, 2020, it was holding 9.3% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.44 Million shares on December 30, 2020. The number of shares represents firm’s hold over 7.66% of outstanding shares, having a total worth of $60.61 Million.
On the other hand, Undiscovered Managers Behavioral Value Fund and Lord Abbett Research Fund, Small-Cap Value Series are the top two Mutual Funds which own company’s shares. As of January 30, 2021, the former fund manager was holding 1798791 shares of worth $30.17 Million or 3.1% of the total outstanding shares. The later fund manager was in possession of 1.44 Million shares on November 29, 2020, making its stake of worth around $16.94 Million in the company or a holder of 2.48% of company’s stock.