Bancorp Inc.’s recently made public that its Director Cohn Matthew acquired Company’s shares for reported $27310.0 on Oct 29 ’24. In the deal valued at $50.11 per share,545 shares were bought. As a result of this transaction, Cohn Matthew now holds 56,636 shares worth roughly $2.78 million.
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Then, Cohn Matthew bought 520 shares, generating $25,960 in total proceeds. Upon buying the shares at $49.92, the Director now owns 161,444 shares.
Before that, Wallace Matthew J bought 10,160 shares. Bancorp Inc. shares valued at $506,374 were divested by the Officer at a price of $49.84 per share.
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 Tuesday, Bancorp Inc. [NASDAQ:TBBK] saw its stock fall -2.32% to $49.03. Over the last five days, the stock has lost -12.26%. Bancorp Inc. shares have risen nearly 27.15% since the year began. Nevertheless, the stocks have risen 40.97% over the past one year. While a 52-week high of $59.26 was reached on 10/17/24, a 52-week low of $29.92 was recorded on 04/30/24. SMA at 50 days reached $52.14, while 200 days put it at $41.95.
Levels Of Support And Resistance For TBBK Stock
The 24-hour chart illustrates a support level at 48.21, which if violated will result in even more drops to 47.39. On the upside, there is a resistance level at 50.24. A further resistance level may holdings at 51.45. The Relative Strength Index (RSI) on the 14-day chart is 39.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.12%. Stochastics %K at 21.76% indicates the stock is a holding.
How much short interest is there in Bancorp Inc.?
A steep rise in short interest was recorded in Bancorp Inc. stocks on 2024-10-15, dropping by -0.63 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.54 million shares. There was a decline of -9.07%, which implies that there is a negative sentiment for the stock.
