A statement released earlier today by Piper Jaffray about The Bancorp (NASDAQ:TBBK) raises the target price to $7.50
- Updated: November 30, 2016
In a report released on 11/30/2016 Piper Jaffray increased the stock price target of The Bancorp (NASDAQ:TBBK) to $7.50 indicating a possible upside of 0.04%.
Yesterday The Bancorp (NASDAQ:TBBK) traded 0.56% higher at $7.19. The company’s 50-day moving average is $6.92 and its 200-day moving average is $6.25. The last closing price is up 15.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 49,496 shares of the stock traded hands, down from an average trading volume of 271,520
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The Bancorp has a with a one year low of $3.88 and a one year high of $7.98 The Bancorp’s market capitalization is currently $0.
Brief Synopsis On The Bancorp (NASDAQ:TBBK)
The Bancorp, Inc. is a financial holding company, which operates through its subsidiary, The Bancorp Bank (the Bank). The Bank is a chartered commercial bank located in Wilmington, Delaware and is a Federal Deposit Insurance Corporation (FDIC) insured institution. The Company operates through three segments: specialty finance, payments and corporate. The specialty finance segment includes commercial mortgage loan sales, small business administration (SBA) loans, leasing and security backed lines of credit (SBLOC), and any deposits generated by those business lines. The payments segment includes prepaid cards, card payments, automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company's investment portfolio and corporate overhead, and other non-allocated expenses. Through the Bank, the Company also provides deposit generating banking services.
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