In a filing, Bancorp Inc. revealed its Director Cohn Matthew acquired Company’s shares for reported $30250.0 on May 01 ’24. In the deal valued at $30.25 per share,1,000 shares were bought. As a result of this transaction, Cohn Matthew now holds 158,627 shares worth roughly $5.06 million.
Then, Cohn Matthew bought 230 shares, generating $6,958 in total proceeds. Upon buying the shares at $30.25, the Director now owns 52,291 shares.
Before that, Cohn Matthew bought 2,485 shares. Bancorp Inc. shares valued at $85,000 were divested by the Director at a price of $34.21 per share. As a result of the transaction, Cohn Matthew now holds 157,627 shares, worth roughly $5.03 million.
Raymond James initiated its Bancorp Inc. [TBBK] rating to an Outperform in a research note published on January 30, 2023; the price target was $38. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who began to cover the stock in mid January with a ‘”an Outperform”‘ rating. Sandler O’Neill also remained covering TBBK and has increased its forecast on December 03, 2019 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on January 26, 2018. It rated TBBK as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of TBBK
On Friday, Bancorp Inc. [NASDAQ:TBBK] saw its stock jump 1.92% to $31.92. Over the last five days, the stock has gained 3.64%. Bancorp Inc. shares have fallen nearly -17.22% since the year began. Nevertheless, the stocks have risen 6.26% over the past one year. While a 52-week high of $47.11 was reached on 01/30/24, a 52-week low of $28.04 was recorded on 04/30/24. SMA at 50 days reached $34.97, while 200 days put it at $37.35. A total of 0.88 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For TBBK Stock
The 24-hour chart illustrates a support level at 31.46, which if violated will result in even more drops to 30.99. On the upside, there is a resistance level at 32.57. A further resistance level may holdings at 33.21. The Relative Strength Index (RSI) on the 14-day chart is 44.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.60%. Stochastics %K at 28.02% indicates the stock is a holding.
