The Bancorp price target lowered to $57 from $67 at Raymond James

Raymond James lowered the firm’s price target on The Bancorp (TBBK) to $57 from $67 and keeps an Outperform rating on the shares. The Bancorp’s Q1 results fell short of consensus estimates, despite solid core trends, the analyst tells investors in a research note. A potential clearing event could be the completion of the pending sale of the Aubrey, which management says remains on track to close by the May 23 extended deadline.