TBBK Stock Summary and Trading Ideas (Bancorp | NASDAQ:TBBK)

The Bancorp Inc is a financial holding company, through its subsidiary it is engaged in specialty lending namely securities-backed lines of credit, vehicle fleet and another equipment leasing, Small Business Administration lending, insurance policy cash value-backed lines of credit and commercial mortgage-backed loans, generated for sale into commercial mortgage-backed securities markets through securitizations. The company deposits and non-interest income are generated in the payments business which consists of issuing, acquiring, and automated clearing house accounts.

Bancorp trades on the NASDAQ stock market under the symbol TBBK.

As of June 25, 2024, TBBK stock price climbed to $35.57 with 886,857 million shares trading.

TBBK has a beta of 0.93, meaning it tends to be less sensitive to market movements. TBBK has a correlation of 0.07 to the broad based SPY ETF.

TBBK has a market cap of $1.86 billion. This is considered a Small Cap stock.

Last quarter Bancorp reported $94 million in Revenue and $1.06 earnings per share. This fell short of revenue expectation by $-22 million and exceeded earnings estimates by $.01.

In the last 3 years, TBBK stock traded as high as $47.11 and as low as $16.59.

The top ETF exchange traded funds that TBBK belongs to (by Net Assets): IJR, VTI, IWM, KRE, VXF.

TBBK stock has underperformed the market in the last year with a return of +12.1%, while SPY returned +27.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TBBK shares. However, TBBK has outperformed the market in the last 3 month and 2 week periods, returning +13.6% and +10.1%, while SPY returned +4.9% and +2.0%, respectively. This indicates TBBK has been having a stronger performance recently.

TBBK support price is $34.20 and resistance is $35.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TBBK stock will trade within this expected range on the day.