The Bancorp (NASDAQ: TBBK) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday.
The Bancorp, Inc. is a bank holding company with a wholly owned subsidiary, The Bancorp Bank (the Bank). Through the Bank, the Company provides a range of commercial and retail banking services and related other banking services, which include private label banking, health savings accounts and prepaid debit cards, to both regional and national markets. It offers depositors a range of products and services, including checking accounts, savings accounts, health savings accounts, money market accounts, individual retirement accounts, commercial accounts, certificates of deposit and stored value and payroll cards. It focuses on providing banking services directly to retail and commercial customers in the Philadelphia-Wilmington metropolitan area, consisting of the 12 counties surrounding Philadelphia, Pennsylvania and Wilmington.
Shares of The Bancorp opened at 8.01 on Friday. The Bancorp has a one year low of $6.31 and a one year high of $10.80. The stock’s 50-day moving average is $7.81 and its 200-day moving average is $7.92. The company has a market cap of $265.9 million and a P/E ratio of 31.17.