The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bancorp Inc. shares valued at $85,000 were purchased by Cohn Matthew on Mar 15 ’24. At $34.21 per share, Cohn Matthew acquired 2,485 shares. The insider’s holdings grew to 157,627 shares worth approximately $4.93 million following the completion of this transaction.
Also, Mudick Stephanie B purchased 2,000 shares, netting a total of over 74,222 in proceeds. Following the buying of shares at $37.11 each, the insider now holds 31,584 shares.
Before that, Cohn Matthew had added 1,928 shares to its account. In a trade valued at $70,603, the Director bought Bancorp Inc. shares for $36.62 each. Upon closing the transaction, the insider’s holdings increased to 1,928 shares, worth approximately $4.85 million.
As published in their initiating research note from Raymond James on January 30, 2023, Bancorp Inc. [TBBK] has been an Outperform and the price target has been revised to $38. Analysts at Keefe Bruyette started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid January. As of December 03, 2019, Sandler O’Neill has increased its “Hold” rating to a “Buy” for TBBK. Earlier on January 26, 2018, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for TBBK stock which previously was a “an Outperform”.
Analyzing TBBK Stock Performance
During the last five days, there has been a drop of approximately -6.93%. Over the course of the year, Bancorp Inc. shares have dropped approximately -18.91%. Shares of the company reached a 52-week high of $47.11 on 01/30/24 and a 52-week low of $29.92 on 04/30/24. A 50-day SMA is recorded $35.44, while a 200-day SMA reached $37.42. Nevertheless, trading volume fell to 0.88 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Bancorp Inc. (TBBK)
According to the 24-hour chart, there is a support level at 30.12, which, if violated, would cause prices to drop to 28.96. In the upper region, resistance lies at 32.35. The next price resistance is at 33.42. RSI (Relative Strength Index) is 41.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.74, which suggests the price will decrease in the coming days. Percent R is at 76.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
