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Taking a look at what insiders are doing to gauge the Bancorp Inc. (TBBK)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bancorp Inc. shares valued at $25,006 were sold by Creuzot Cheryl on Jun 03 ’24. At $32.64 per share, Creuzot Cheryl sold 766 shares. The insider’s holdings dropped to 7,638 shares worth approximately $0.29 million following the completion of this transaction.

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Also, KOZLOV HERSH purchased 1,000 shares, netting a total of over 32,530 in proceeds. Following the buying of shares at $32.53 each, the insider now holds 111,264 shares.

Before that, Lamb William H had added 1,000 shares to its account. In a trade valued at $32,445, the Director bought Bancorp Inc. shares for $32.45 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $8.13 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 surge of approximately 5.79%. Over the course of the year, Bancorp Inc. shares have dropped approximately -1.92%. 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 $33.51, while a 200-day SMA reached $36.62. Nevertheless, trading volume fell to 0.53 million shares from 0.61 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 37.36, which, if violated, would cause prices to drop to 36.91. In the upper region, resistance lies at 38.56. The next price resistance is at 39.31. RSI (Relative Strength Index) is 70.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.59, which suggests the price will increase in the coming days. Percent R is at 25.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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