The Bancorp, Inc. (NASDAQ:TBBK) has a beta value of 1.6 and has seen 498,776 shares traded in the last trading session. The company, currently valued at $657.4 Million, closed the last trade at $11.41 per share which meant it lost $0 on the day or 0.04% during that session. The TBBK stock price is -20.33% off its 52-week high price of $13.73 and 70.55% above the 52-week low of $3.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 272.44 Million shares traded. The 3-month trading volume is 276.34 Million shares.
The consensus among analysts is that The Bancorp, Inc. (TBBK) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.36.
The Bancorp, Inc. (NASDAQ:TBBK) trade information
Sporting 0.04% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the TBBK stock price touched $12.33- or saw a rise of 7.42%. Year-to-date, The Bancorp, Inc. shares have moved -11.99%, while the 5-day performance has seen it change 2.38%. Over the past 30 days, the shares of The Bancorp, Inc. (NASDAQ:TBBK) have changed 23.94%. Short interest in the company has seen 742.66 Million shares shorted with days to cover at 2.69.
Wall Street analysts have a consensus price target for the stock at $13.5, which means that the shares’ value could jump 18.32% from current levels. The projected low price target is $12 while the price target rests at a high of $15. In that case, then, we find that the current price level is +31.46% off the targeted high while a plunge would see the stock lose 5.17% from current levels.
The Bancorp, Inc. (TBBK) estimates and forecasts
Figures show that The Bancorp, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +46.16% over the past 6 months, with this year growth rate of 26.42%, compared to -12.7% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 1100% and 90.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +36.1%.
2 analysts offering their estimates for the company have set an average revenue estimate of $49.18 Million for the current quarter. 2 have an estimated revenue figure of $51Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $35.18 Million and $37.95 Million respectively for this quarter and the next, and analysts expect sales will grow by 39.8% for the current quarter and 34.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +9.5% over the past 5 years. Earnings growth for 2020 is a modest -41.7% while over the next 5 years, the company’s earnings are expected to increase by 12%.
The Bancorp, Inc. (NASDAQ:TBBK)’s Major holders
Insiders own 5% of the company shares, while shares held by institutions stand at 89.98% with a share float percentage of 94.72%. Investors are also buoyed by the number of investors in a company, with The Bancorp, Inc. having a total of 216 institutions that hold shares in the company. The top two institutional holders are Frontier Capital Management Company LLC with over 5.19 Million shares worth more than $44.82 Million. As of September 29, 2020, Frontier Capital Management Company LLC held 9.01% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 4.36 Million shares as of September 29, 2020. The firm’s total holdings are worth over $37.69 Million and represent 7.57% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Undiscovered Managers Behavioral Value Fund and Vanguard Total Stock Market Index Fund. As of September 29, 2020, the former fund manager holds about 3.01% shares in the company for having 1735132 shares of worth $14.99 Million while later fund manager owns 1.57 Million shares of worth $15.43 Million as of June 29, 2020, which makes it owner of about 2.73% of company’s outstanding stock.