Does The Bancorp, Inc. (TBBK) Have Any Gas After Forming This Double Top Pattern?

April 24, 2018 - By Stephen Andrade

The Bancorp, Inc. (NASDAQ:TBBK) Logo

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.86, from 1.97 in 2017Q3. It turned negative, as 11 investors sold The Bancorp, Inc. shares while 35 reduced holdings. 17 funds opened positions while 34 raised stakes. 44.05 million shares or 9.03% more from 40.40 million shares in 2017Q3 were reported.
Chicago Equity Partners Limited Liability Corp invested in 0.06% or 188,545 shares. Vanguard Grp holds 0% or 2.30M shares. Jpmorgan Chase And stated it has 0% in The Bancorp, Inc. (NASDAQ:TBBK). Invesco Ltd has invested 0% in The Bancorp, Inc. (NASDAQ:TBBK). Beach Invest Mgmt Limited has invested 1.72% in The Bancorp, Inc. (NASDAQ:TBBK). 8,910 are owned by Us Bank De. Citadel Advsr holds 0% or 120,812 shares in its portfolio. California Employees Retirement invested in 0% or 233,106 shares. Sheets Smith Wealth holds 0.05% or 20,005 shares in its portfolio. Ajo L P stated it has 0.03% of its portfolio in The Bancorp, Inc. (NASDAQ:TBBK). Security Trust Company owns 690 shares. Gendell Jeffrey L invested in 323,413 shares. Metropolitan Life Insur has 0% invested in The Bancorp, Inc. (NASDAQ:TBBK). Stone Ridge Asset Mgmt Ltd Com accumulated 20,467 shares. 27,939 are owned by Price T Rowe Md.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $52,974 activity.

The chart of The Bancorp, Inc. (TBBK) shows a double top with $11.36 target or 4.00 % above today’s $10.92 share price. The 8 months chart pattern indicates low risk for the $613.78 million company. It was reported on Apr, 24 by If the $11.36 price target is reached, the company will be worth $24.55M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.44% or $0.16 during the last trading session, reaching $10.92. About 81,573 shares traded. The Bancorp, Inc. (NASDAQ:TBBK) has risen 114.00% since April 24, 2017 and is uptrending. It has outperformed by 102.45% the S&P500.

Analysts await The Bancorp, Inc. (NASDAQ:TBBK) to report earnings on April, 26 after the close. They expect $0.20 EPS, up 81.82 % or $0.09 from last year’s $0.11 per share. TBBK’s profit will be $11.24 million for 13.65 P/E if the $0.20 EPS becomes a reality. After $0.10 actual EPS reported by The Bancorp, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Coverage

Among 3 analysts covering Bancorp Inc (NASDAQ:TBBK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Bancorp Inc has $13.0 highest and $8.0 lowest target. $11.83’s average target is 8.33% above currents $10.92 stock price. Bancorp Inc had 4 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of The Bancorp, Inc. (NASDAQ:TBBK) has “Hold” rating given on Friday, January 12 by Sandler O’Neill. Raymond James upgraded The Bancorp, Inc. (NASDAQ:TBBK) on Friday, January 26 to “Buy” rating. Piper Jaffray maintained the stock with “Hold” rating in Thursday, October 26 report. Piper Jaffray maintained the shares of TBBK in report on Tuesday, February 13 with “Hold” rating.

The Bancorp, Inc. (NASDAQ:TBBK) Ratings Chart

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