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Bancorp Inc. [TBBK] Insider Activity: An Update for Investors

Bancorp Inc.’s recent filing unveils that its Director Creuzot Cheryl unloaded Company’s shares for reported $25006.0 on Jun 03 ’24. In the deal valued at $32.64 per share,766 shares were sold. As a result of this transaction, Creuzot Cheryl now holds 7,638 shares worth roughly $0.4 million.

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Then, KOZLOV HERSH bought 1,000 shares, generating $32,530 in total proceeds. Upon buying the shares at $32.53, the Director now owns 111,264 shares.

Before that, Lamb William H bought 1,000 shares. Bancorp Inc. shares valued at $32,445 were divested by the Director at a price of $32.45 per share. As a result of the transaction, Lamb William H now holds 215,038 shares, worth roughly $11.19 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 1.44% to $52.04. Over the last five days, the stock has gained 7.85%. Bancorp Inc. shares have risen nearly 34.96% since the year began. Nevertheless, the stocks have risen 28.21% over the past one year. While a 52-week high of $52.90 was reached on 07/26/24, a 52-week low of $29.92 was recorded on 04/30/24. SMA at 50 days reached $37.81, while 200 days put it at $37.55. A total of 1.17 million shares were traded, compared to the trading of 1.09 million shares in the previous session.

Levels Of Support And Resistance For TBBK Stock

The 24-hour chart illustrates a support level at 48.97, which if violated will result in even more drops to 45.89. On the upside, there is a resistance level at 54.15. A further resistance level may holdings at 56.25. The Relative Strength Index (RSI) on the 14-day chart is 81.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.77%. Stochastics%K at 88.53% indicates the stock is a selling.

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