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Wall Street Analysts See a 26.35% Upside in The Bancorp (TBBK): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 26.4% in The Bancorp (TBBK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Decent loan demand, a solid balance sheet and higher rates will keep supporting The Bancorp's (TBBK) financials going forward. This makes the stock worth investing in now, despite near-term headwinds.
The average of price targets set by Wall Street analysts indicates a potential upside of 31.1% in The Bancorp (TBBK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The Bancorp (TBBK) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.50 per share a year ago.
WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (“Bancorp”) (Nasdaq: TBBK) today announced that it will release its first quarter 2023 financial results after market hours on Thursday, April 27, 2023, and invites investors and other interested parties to listen to its earnings results conference call on Friday, April 28, 2023, at 8:00 a.m. Eastern time. All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.
The Bancorp (TBBK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
PLYA, TBBK and ASBFY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on March 13, 2023.
The Bancorp (TBBK) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Does The Bancorp (TBBK) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Bancorp (TBBK) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.