Insider Trading Watch List: The Bancorp, Inc. $TBBK

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The Bancorp, Inc. (TBBK) insiders have most recently took part in a trading activity. On Jun 13, 2017 Leto John, EVP and CAO bought 40,000 shares having total worth of $264,400 at the price of $6.61 per share, following the transaction a total of 156,779 shares owned by Leto John. Before this latest buy, Leto John purchased TBBK at 1 other times during the past twelve months, for a total investment of $135,460 at an average of $5.21 per share.

On Jun 14, 2017 Mcfadden Joseph Hugh, COO bought 2,000 shares having total worth of $13,200 at the price of $6.6 per share, following the transaction a total of 25,762 shares owned by Mcfadden Joseph Hugh. Before this latest buy, Mcfadden Joseph Hugh purchased TBBK at 3 other times during the past twelve months, for a total investment of $23,190 at an average of $5.7 per share.

On the same day, Connolly Mark Leo, EVP and Head of Credit Markets bought 40,000 shares having total worth of $262,800 at the price of $6.57 per share, following the transaction a total of 61,305 shares owned by Connolly Mark Leo.

On Jun 13, 2017 Paul Frenkiel, CFO bought 22,498 shares having total worth of $147,587 at the price of $6.56 per share, following the transaction a total of 47,719 shares owned by Paul Frenkiel. Before this latest buy, Paul Frenkiel purchased TBBK at 1 other times during the past twelve months, for a total investment of $45,000 at an average of $4.5 per share.

The stock has experienced a total of 4 insider trades in the past three months. These trades include 4 sell activities .Furthermore, over the past 12 months , the stock was traded 23 times by insiders. In 4 of these trades, the insider was a seller while an employee of the company was the buyer in 19 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 0 4 31.62%
12 Month 19 4 10.08%

Shares of The Bancorp, Inc. (TBBK) traded up 0.45% on Jun 14, 2017, hitting $6.66. 497,183 shares of the company’s stock traded hands. The Bancorp, Inc. has a 52 week low of $4.07 and a 52 week high of $8.06. The company’s market cap is $235 million.

The Bancorp, Inc. (TBBK) last announced its earnings results on Apr 27, 2017. The company reported 0.11 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.07 by $0.04. The company had revenue of $25 million for the quarter, compared to the consensus estimate of $25 million. During the same quarter in the previous year, the company posted -0.29 earnings per share. The company’s revenue for the quarter was up 21% on a year-over-year basis.

2017-04-27 2017-02-09 2016-10-27 2016-07-28 2016-04-28 2016-02-01 2015-10-29 2015-09-30 2015-04-22 2015-01-29
earnings per share 0.11 -0.43 -0.03 -0.47 -0.29 -0.03 0.01 0.00 0.01 -0.06
Revenue(M) 24.88 24.98 23.54 20.89 20.56 18.58 35.1 45.1 40.49 33.45

Bancorp, Inc., is a Delaware corporation. It’s a bank holding company with a wholly owned subsidiary, The Bancorp Bank. It provides commercial and retail banking services and related other banking services. It provides its services to organizations with a pre-existing customer base .that could use one or more selected banking services tailored to support or complement the services provided by these organizations to their customers. These services include private label banking; credit and debit card processing for merchants affiliated with independent service organizations; healthcare savings accounts for healthcare providers and third-party plan administrators; and prepaid debit cards, also known as stored value cards, for insurers, incentive plans, large retail chains and consumer service organizations. It offers its depositors a wide range of products and services, including: checking accounts, featuring no required minimum balance, no service fees, competitive interest rates, rebates on automated teller machine fees, free debit Visa check card and overdraft protection plans; premium checking accounts have free online bill paying, an enhanced debit Visa check card or an automated teller machine (ATM) card; savings accounts; health savings accounts; money market accounts; individual retirement accounts, including Roth and education IRAs as well as traditional IRAs; commercial accounts, including general commercial checking, small business checking, business savings and business money market accounts; certificates of deposit; and stored value and payroll cards. It makes loans to businesses to finance fixed assets, acquisitions and other long-term needs of its business customers. It makes loans to businesses to finance the acquisition of, or to refinance, income-producing real property. It also makes construction loans on industrial properties that later require permanent financing. It provides loans to consumers to finance personal residences, automobiles, home improvements and other personal items. The majority of its consumer loans are secured by either the borrower’s residence, typically in a first or second lien position, or the borrower’s securities portfolio. Its main competitors are mid-Atlantic regional banks. It also faces competition from Internet-based banks, and from bank divisions, that provide Internet banking services as part of their overall banking environment. The Company is extensively regulated under both federal and state banking law.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.