Alert: Major Price Advance (11/6/24)-The Bancorp Inc (NASDAQ: TBBK).

out_logo_500#39244.jpg

The Bancorp Inc (NASDAQ: TBBK) stock closed at $56.81 on 11/6/24 after a major increase of 15.2%. Moreover, exceptionally high trading volume at 262% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.9% during the last week.

out_mm#39244.jpg

Current PriceTarget Research Rating

With future capital returns 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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Bancorp has a slightly positive Appreciation Score of 66 and a very high Power Rating of 96, triggering the Highest Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.


*