The Bancorp Inc (NASDAQ: TBBK) stock suffered a major decline of -10.2% on 3/21/24. The shares closed at $32.12. Moreover, trading volume in this decline was exceptionally high at 563% of normal. The stock has declined -9.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TBBK is expected to continue to be a major Value Builder.
Bancorp has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bancorp has a good Appreciation Score of 76 and a good Power Rating of 81, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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