Keefe, Bruyette & Woods Maintains Bancorp Inc. (TBBK) Outperform Recommendation

Fintel reports that on April 6, 2023,
Keefe, Bruyette & Woods
maintained
coverage of Bancorp Inc. (NASDAQ:TBBK) with
a Outperform recommendation.

Analyst Price Forecast Suggests 54.14% Upside

As of March 30, 2023,
the average one-year price target for Bancorp Inc. is $41.31.
The forecasts range from a low of $38.38 to a high of $45.15.
The average price target represents an increase of 54.14% from its latest reported closing price of $26.80.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Bancorp Inc.
is $327MM, a decrease of 5.88%.

The projected annual non-GAAP EPS
is $3.28.

What are Other Shareholders Doing?

ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST – AZL Small Cap Stock Index Fund Class 2
holds 40K shares
representing 0.07% ownership of the company.

In it’s prior filing, the firm reported owning 41K shares, representing
a decrease
of 4.19%.

The firm

increased

its portfolio allocation in TBBK by 18.47% over the last quarter.

SSMHX – State Street Small
holds 14K shares
representing 0.03% ownership of the company.

In it’s prior filing, the firm reported owning 14K shares, representing
an increase
of 0.69%.

The firm

increased

its portfolio allocation in TBBK by 19.81% over the last quarter.

COVAX – Columbia Small Cap Value Fund II
holds 579K shares
representing 1.04% ownership of the company.

In it’s prior filing, the firm reported owning 556K shares, representing
an increase
of 3.96%.

The firm

increased

its portfolio allocation in TBBK by 18.80% over the last quarter.

EQ ADVISORS TRUST – EQ
holds 5K shares
representing 0.01% ownership of the company.

In it’s prior filing, the firm reported owning 5K shares, representing
a decrease
of 3.91%.

The firm

increased

its portfolio allocation in TBBK by 32.53% over the last quarter.

DFA INVESTMENT DIMENSIONS GROUP INC – U.S. Social Core Equity 2 Portfolio Shares
holds 11K shares
representing 0.02% ownership of the company.

No change in the last quarter.

What is the Fund Sentiment?

There are 486 funds or institutions reporting positions in Bancorp Inc..

This is an increase
of
15
owner(s) or 3.18% in the last quarter.

Average portfolio weight of all funds dedicated to TBBK is 0.25%,
an increase
of 12.26%.

Total shares owned by institutions increased
in the last three months by 0.38% to 62,984K shares.

The put/call ratio of TBBK is 2.33, indicating a

bearish
outlook.

Bancorp Inc. Background Information
(This description is provided by the company.)

The Bancorp is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. The company’s subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank and a top ACH originator. Specialized lending distinctions include National Preferred SBA Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the nation.

See all Bancorp Inc. regulatory filings.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.