The Bancorp Inc. TBBK was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.83 to $5.30 since Jul 29, 2016.
In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
The Bancorp currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Midland States Bancorp, Inc. MSBI, which sports a Zacks Rank #1 (Strong Buy).
Is TBBK going up? Or down? Predict to see what others think: Up or Down
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