Sandler O’Neill Remains a Hold on Bancorp Inc

By Carrie Williams

Sandler O’Neill analyst Frank Schiraldi reiterated a Hold rating on Bancorp Inc (NASDAQ: TBBK) today and set a price target of $11. The company’s shares closed yesterday at $10.80, close to its 52-week high of $10.81.

According to, Schiraldi is a 4-star analyst with an average return of 11.4% and a 81.6% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Peapack-Gladstone Financial Corp, and Malvern Federal Bancorp.

Currently, the analyst consensus on Bancorp Inc is Hold and the average price target is $11, representing a 1.9% upside.

In a report issued on January 4, Piper Jaffray also reiterated a Hold rating on the stock with a $11 price target.

Based on Bancorp Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $60.93 million and quarterly net profit of $7.28 million. In comparison, last year the company earned revenue of $47.47 million and had a GAAP net loss of $28.77 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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The Bancorp, Inc. is a holding company, which through the Bancorp Bank, engages in the provision of private label banking and technology solutions. It operates through the following segments: Specialty Finance, Payments, and Corporate.