The Bancorp Upgraded to Outperform by Zacks (TBBK)
The Bancorp (NASDAQ:TBBK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a $20.90 target price on the stock. Zacks‘ target price indicates a potential upside of 8.68% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of The Bancorp in a research note to investors on Friday, January 10th. They set an “outperform” rating on the stock. Analysts at Sterne Agee downgraded shares of The Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 9th.
The Bancorp (NASDAQ:TBBK) last issued its quarterly earnings data on Friday, January 24th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.02.
The Bancorp, Inc is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (NASDAQ:TBBK).
To view Zacks’ full report, visit www.zacks.com
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