Why The Bancorp Stock Popped Again Today
Two analysts raised their price targets on the company's equity.
Overview
In an impressive curtain call following last Friday's rally, The Bancorp (NASDAQ: TBBK) stock again landed well in positive territory on Monday. Bolstered by two post-earnings price target raises from analysts, shares of the banking services company closed the trading session almost 7% higher.
Of the pair, the more substantial raise was made by Manuel Navas of Piper Sandler. He cranked his fair value assessment on The Bancorp to $86 per share from his previous $70, maintaining his overweight (i.e., buy) recommendation as he did so.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.