The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Bancorp Inc shares valued at $2,932,964 were sold by Leto John on Nov 13 ’24. At $57.51 per share, Leto John sold 51,000 shares. The insider’s holdings dropped to 154,770 shares worth approximately $8.94 million following the completion of this transaction.
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Also, JOHN LETO purchased 51,000 shares, netting a total of over 2,932,964 in proceeds.
Before that, BRADLEY MICHAEL J had added 25,000 shares to its account. In a trade valued at $1,364,750, the Director bought Bancorp Inc shares for $54.59 each.
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 drop of approximately -1.77%. Over the course of the year, Bancorp Inc shares have jumped approximately 49.87%. Shares of the company reached a 52-week high of $61.17 on 11/25/24 and a 52-week low of $29.92 on 04/30/24. A 50-day SMA is recorded $54.50, while a 200-day SMA reached $43.58. Nevertheless, trading volume fell to 0.48 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 56.27, which, if violated, would cause prices to drop to 54.76. In the upper region, resistance lies at 58.66. The next price resistance is at 59.53. RSI (Relative Strength Index) is 55.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 44.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
