Last Updated: 09 Nov 2024
Executive Summary
The Bancorp Inc. (TBBK) is a financial holding company with a market capitalization of $2.62 billion. The company has shown steady growth in revenue and earnings in recent quarters. The stock is currently trading at $54.59, close to its 52-week high of $59.26. Analysts are generally positive on the stock, with a consensus rating of "Buy."
Company Overview
The Bancorp Inc. is a bank holding company that provides a range of banking products and services to individuals and businesses in the United States. The company was founded in 1999 and is headquartered in Wilmington, Delaware. The Bancorp Inc. has a network of over 300 branches and ATMs in 11 states.
Fundamental Analysis
The Bancorp Inc. has shown steady growth in revenue and earnings in recent quarters. In the third quarter of 2024, the company reported revenue of $472 million, up 7.4% year-over-year. Net income was $68 million, up 13% year-over-year. The company's net interest margin has also been expanding, reaching 3.6% in the third quarter of 2024.
The Bancorp Inc. is well-capitalized and has a strong balance sheet. The company's Tier 1 capital ratio was 10.5% at the end of the third quarter of 2024, well above the regulatory minimum. The company also has a low level of non-performing loans.
Technical Analysis
The Bancorp Inc. stock has been in a strong uptrend since the beginning of 2023. The stock has broken out of a multi-year trading range and is now trading near its 52-week high. The stock's moving averages are also trending higher, indicating that the uptrend is likely to continue.
Short Term Outlook
The Bancorp Inc. stock is expected to continue to perform well in the short term. The company's strong fundamentals and positive technical outlook suggest that the stock is likely to continue to rise. The stock's current price of $54.59 is close to its 52-week high, and the stock could continue to climb to new highs in the coming months.
Long Term Outlook
The Bancorp Inc. stock is also expected to perform well in the long term. The company's strong fundamentals and its position in the growing banking industry suggest that the stock is likely to continue to grow in value over the next several years. The stock's current price of $54.59 is a good entry point for investors who are looking for a long-term investment.
Analyst Recommendations
Analysts are generally positive on The Bancorp Inc. stock. The consensus rating on the stock is "Buy." Three analysts have a "Buy" rating on the stock, while none have a "Sell" rating. The average price target for the stock is $58.33, which represents a potential upside of 6.9% from the current price.
