TBBK Stock Price Forecast Should You Buy TBBK?

tbbk stock forecast
tbbk stock forecast

StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. All users should speak with their financial advisor before buying or selling any securities. Users should not base their investment decision upon StockInvest.us. By using the site you agree and are held liable for your own investment decisions and agree to the Terms of Use and Privacy Policy.Please read the full disclaimer here. According to 8 analysts, the average rating for TBBK stock is “Buy.” The 12-month stock price forecast is $41.31, which is an increase of 37.47% from the latest price. U.S. stocks fell across the boardin early trading on Friday with S&P financial shares leading the decline.

tbbk stock forecast

Our forecasts aren’t meant for this purpose, but are a good starting point to understand what might happen with your investments in the future. We’re not a financial advisor, so you should always do your own research and get professional advice before acting upon any of the information we provide. No, the prediction for TBBK stock is not same for all time periods.

A price target is a stock market term used by investors and analysts to indicate the level at which they believe a stock will trade. The price target is based on several factors, including a company’s earnings, revenue, and valuation. Determining a price target can be tricky, as it is an estimate and not always accurate. However, it can guide investors looking to buy or sell a stock. TBBK stock price prediction means predicting the future closing prices of TBBK stock based on its past data.

The company provided EPS guidance of $3.20-$3.20 for the period, compared to the consensus EPS estimate of $3.21. The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

Independent Vice Chairman recently sold US$593k worth of stock

The company was incorporated in 1999 and is headquartered in Wilmington, Delaware. 2 equities research analysts have issued 12 month price targets for Bancorp’s shares. Their TBBK share price forecasts range from $32.00 to $38.00.

tbbk stock forecast

The company is slashing nearly $4 billion in costs by reducing staff, consolidating offices and reducing some weekend deliveries in less profitable areas. American workers crazed by college hoops are expected to put a dent in economic productivity over the next few weeks as the games take precedent over the daily grind. “The text of the final commitments does not establish a specific number of frequencies that should be operated by the prospective entrant to ensure effective competition,” the judges ruled. American Airlines, which gave up rights to two airport slots to Delta Air Lines’ in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use.

Growth & Valuation

Despite receiving $30 billion in deposits from 11 of the largest U.S. banks including JPMorgan, Bank of America and Citigroup, shares of First Republic are down by double-digits on Friday. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share. The Federal Aviation Administration confirmed last month that Boeing had paused deliveries due to the data analysis error related to the jet’s forward pressure bulkhead, which the company found after reviewing certification records. According to our research, TBBK stock is a good long-term investment. TBBK share price has been in a positive cycle for the past year.

FRME Stock Forecast, Price & News (First Merchants) – MarketBeat

FRME Stock Forecast, Price & News (First Merchants).

Posted: Thu, 18 Aug 2016 02:38:57 GMT [source]

Independent Director exercised options to buy US$125k worth of stock. Independent Director exercised options to buy US$90k worth of stock. Independent Chairman of the Board exercised options to buy US$116k worth of stock. The Bancorp, Inc. is forecasted to grow earnings and revenue at 21.1% and 2.7% respectively, with an EPS and ROE of 25.0% and 24.9% respectively. If The Bancorp takes out the full calculated possible swing range there will be an estimated 12.55% move between the lowest and the highest trading price during the day. 18.31% during the next 3 months and, with a 90% probability hold a price between $31.12 and $46.14 at the end of this 3-month period.

How we predict TBBK stock future prices?

“We’ve continued to move with urgency to improve efficiency, and our cost actions are taking hold, driving an improved outlook for the current fiscal year” said Raj Subramaniam, FedEx Corp. president and chief executive officer. FedEx shares jumped Friday after the delivery giant raised its fiscal 2023 earnings outlook to $13.80 to $14.40 per share, compared with its previous forecast of $12.50 to $13.50 per share. Ballard Power Systems Inc. on Friday reported a loss of $34.4 million in its fourth quarter. On Tuesday, Boeing announced a much anticipated sale of 78 Dreamliners to two Saudi airlines, a deal with a list price of $37 billion that the company touted as its fifth largest commercial order by value. In 2023, TBBK is forecast to generate $22,188,210,131 in revenue, with the lowest revenue forecast at $22,188,210,131 and the highest revenue forecast at $22,188,210,131. In 2023, TBBK is forecast to generate $157,863,859 in earnings, with the lowest earnings forecast at $157,863,859 and the highest earnings forecast at $157,863,859.

  • According to 8 stock analysts, the average 12-month stock price forecast for The Bancorp stock is $41.31, which predicts an increase of 37.47%.
  • MarketBeat has tracked 9 news articles for Bancorp this week, compared to 19 articles on an average week.
  • 2 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Bancorp in the last twelve months.
  • Ballard shares have climbed roughly 7% since the beginning of the year.

In the past three months, Bancorp insiders have sold 25.58% more of their company’s stock than they have bought. Specifically, they have bought $121,530.00 in company stock and sold $152,615.00 in company stock. Silicon Valley Bank, which was seized by the FDIC last Friday, did not fill a key management role at the company for months. On a per-share basis, the Burnaby, British Columbia-based company said it had a loss of 12 cents.

Here’s Why We Think Bancorp (NASDAQ:TBBK) Is Well Worth Watching

No, our stock forecasting algorithm shows that TBBK stock will lose -13.52% in the next 2 weeks. The fuel cell technology company posted revenue of $20.5 million in the period, falling short of Street forecasts. The best way to use analyst ratings is to supplement your investment research. Please do not rely on them blindly; instead, use them as one tool in your decision-making process. Also, be sure to pay attention to the date of the rating. Analyst ratings can change quickly, and a rating that was accurate six months ago might not be relevant today.

First Republic Bank dropped over 17% despite receiving $30 billion in deposits from the nation’s largest banks. In commodities, oil fell 1% to the $67 per barrel level. Bank stocks remain volatile as investors weigh First Republic’s cash infusion, Credit Suisse faces more pressure as its future remains uncertain. FedEx delivers upbeat forecast as earnings season winds down. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

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Bancorp’s stock was trading at $28.38 at the start of the year. Since then, TBBK shares have increased by 12.7% and is now trading at $31.99. High institutional ownership can be a signal of strong market trust in this company.

According to 8 stock analysts, the average 12-month stock price forecast for The Bancorp stock is $41.31, which predicts an increase of 37.47%. Our forecast algorithm expects that in 2 weeks, TBBK can achieve the highest price of $33.14 which is -3.38% lower than last closing price. According to our price prediction algorithm,The Bancorp, Inc. price will be around $29.66 in the next 2 weeks. This means it will decrease by -13.52% from the last closing price.

Quotes displayed in real-time or delayed by at least 15 minutes. Powered and implemented byFactSet Digital Solutions.Legal Statement. The Bancorp Stock can be purchased through just about any brokerage blackbull markets review and rating, blackbullmarkets com firm, including online brokerage services. PLYA, TBBK and ASBFY made it to the Zacks Rank #1 momentum stocks list on March 13, 2023. By creating a free account, you agree to our terms of service.

Analyst ratings are recommendations made by various stock analysts. Public companies are rated by analysts who monitor their industries. These stock ratings result from a thorough evaluation of a traded company using known metrics such as sales, earnings, and potential catalysts. The Bancorp witnessed a jump https://day-trading.info/ in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the… Our forecasts and predictions are made by Machine Learning and Artificial Intelligence, and shouldn’t be used for financial decisions.