The Bancorp - Stock Of The Day

Summary

  • 100% technical buy signals.
  • 15 new highs and up 35.46% in the last month.
  • 53.06% gain in the last year.

The Barchart Chart of the Day belongs to the regional bank The Bancorp (Nasdaq: TBBK).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 11/5 the stock gained 83.32%. 

The Bancorp, Inc. operates as the financial holding company for The Bancorp Bank that provides banking products and services in the United States. The company offers a range of deposit products and services, including checking, savings, money market, commercial, and retirement accounts. It also provides securities-backed lines of credit, insurance policy cash value-backed lines of credit, vehicle fleet and other equipment leasing, small business administration loans, and commercial mortgage-backed loans, as well as prepaid and debit cards. In addition, it offers private label banking; credit and debit card payment processing for independent service organizations; institutional banking; and internet banking services. The Bancorp, Inc. was founded in 1999 and is headquartered in Wilmington, Delaware.

(Click on image to enlarge)

TBBK

Barchart technical indicators:

  • 100% technical buy signals
  • 108.83+ Weighted Alpha
  • 53.06% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50, and 100 day moving averages
  • 15 new highs and up 35.46% in the last month
  • Relative Strength Index 72.60%
  • Technical support level at 17.61
  • Recently traded at 18.33 with a 50 day moving average of 14.50

Fundamental factors:

  • Market Cap $1.08 billion
  • P/E 12.24
  • Revenue expected to grow 9.10% this year and another 7.20% next year
  • Earnings estimated to increase 24.60% this year, an additional 14.50% next year and continue to compound at an annual rate of 12.00% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy, and 2 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 34 to 8 that the stock will beat the market
  • 1,333 investors are monitoring the stock on Seeking Alpha
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Disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are ...

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