Raymond James upgraded The Bancorp (TBBK) to Strong Buy from Outperform with a price target of $76, up from $71, after meeting with management. The company’s strategy to gain a greater share of wallet from its fintech partners will ultimately improve its “already best-in-class” profitability profile, the analyst tells investors in a research note. The firm also sees The Bancorp’s balance sheet de-risking as it remixes its loan portfolio toward more credit sponsorship fintech loans.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TBBK:
- Bancorp Credit Ratings Upgraded by Kroll Bond Agency
- Bancorp Inc. Reports Strong Q2 Earnings Amid Fintech Growth
- Correction: The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.34
- The Bancorp maintains FY25 EPS guidance of $5.25, consensus $5.34
- The Bancorp, Inc. Reports Strong Q2 2025 Earnings