Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bancorp Inc shares valued at $2,932,964 were purchased by JOHN LETO on Nov 13 ’24. At $57.51 per share, JOHN LETO acquired 51,000 shares.
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Also, BRADLEY MICHAEL J purchased 25,000 shares, netting a total of over 1,364,750 in proceeds.
Before that, Pareigat Thomas G. had sold 5,466 shares from its account. In a trade valued at $267,982, the EVP and General Counsel traded Bancorp Inc shares for $49.03 each. Upon closing the transaction, the insider’s holdings decreased to 5,466 shares, worth approximately $4.15 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 0.02%. Over the course of the year, Bancorp Inc shares have jumped approximately 47.35%. Shares of the company reached a 52-week high of $59.46 on 11/12/24 and a 52-week low of $29.92 on 04/30/24. A 50-day SMA is recorded $52.74, while a 200-day SMA reached $42.62. Nevertheless, trading volume fell to 0.58 million shares from 0.45 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 56.03, which, if violated, would cause prices to drop to 55.23. In the upper region, resistance lies at 58.35. The next price resistance is at 59.87. RSI (Relative Strength Index) is 57.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.23, which suggests the price will increase in the coming days. Percent R is at 19.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
