Would you spit The Bancorp Inc. (NASDAQ:TBBK)?


Shares of The Bancorp, Inc. (NASDAQ:TBBK) are currently poised at 15.18% from the open today and are trading at $6.45. More than 2,422,500 shares have exchanged hands compared to an average trading volume of 341.20K. At the current pps, the market cap stands at $281.61M. The stock prices of The Bancorp, Inc. (NASDAQ:TBBK) are currently trading at -21.34% below its 52 week high and 46.26% above its 52 week low.

The Bancorp, Inc. (NASDAQ:TBBK) has been in the news for all the right reasons. Recently, The Bancorp, Inc. (NASDAQ:TBBK) announced that it will release its first quarter 2017 financial results after market hours on Thursday, April 27, 2017, and invites investors and other interested parties to listen to its earnings results conference call on Friday, April 28, 2017, at 8:00 a.m. Eastern time.

The Bancorp, Inc. (NASDAQ:TBBK) is all set to announce its earnings on Apr 27/a. As per Zack’s analyst ratings, The Bancorp, Inc. (NASDAQ:TBBK) currently has an average brokerage rating of 3. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:TBBK) is $6 with a high of $6 and a low of $6.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 64% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators mostly agree with the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 5.52 and 5.23 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 77.24 suggesting a bullish price action.

As such, while we believe The Bancorp, Inc. (NASDAQ:TBBK) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

The Bancorp Bank is a Delaware-chartered, federally insured commercial bank which focuses on service to small and mid-size businesses and their principals in the Philadelphia-Wilmington market area, and on private-label affinity group programs, including merchant card servicing.