Insider Bets Paying Off At TBBK As New 52-Week High Reached

In trading on Monday, shares of The Bancorp Inc (TBBK) touched a new 52-week high of $8.42/share. That's a 90.93% rise, or $4.01 per share from the 52-week low of $4.41 set back on 03/22/2017. That means at today's intraday high, any investor who purchased TBBK stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, TBBK has seen 5 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
06/13/2017 Frenkiel Paul CFO 22,498 $6.55 $147,474.39
06/13/2017 John Leto EVP and CAO 40,000 $6.61 $264,350.00
06/14/2017 Joseph Hugh McFadden COO 2,000 $6.60 $13,204.00
06/13/2017 John Leto EVP and CAO 40,000 $6.61 $264,350.00
06/14/2017 Joseph Hugh McFadden COO 2,000 $6.60 $13,204.00
06/14/2017 Mark Leo Connolly EVP and Head of Credit Markets 40,000 $6.57 $262,845.00
08/31/2017 Jeffrey A. Nager EVP, Head of Small Business Le 5,000 $7.82 $39,090.00

The chart below shows where TBBK has traded over the past year, with the 50-day and 200-day moving averages included.

The Bancorp Inc Moving Averages Chart

In afternoon trading on Monday, TBBK shares are changing hands at $8.18/share, slightly below the new 52-week high.

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