Market Overview

UPDATE: BTIG Initiates The Bancorp at Buy on Prepaid Growth

Related TBBK
There Have Been 20 Secondary Offerings Over The Last 2 Days
Benzinga's Top Upgrades
Takeout Value Portfolio Up 6.07% (Seeking Alpha)

BTIG initiated The Bancorp (NASDAQ: TBBK) with a Buy rating and a $17.00 price target.

BTIG noted, "We are initiating coverage of The Bancorp with a BUY recommendation and a price target of $17 based on 13x our 2014E adjusted EPS of $1.30. We believe TBBK is very well positioned to benefit from the growth in the prepaid debit card industry, as reflected in the 93% increase in the gross dollar volume (GDV) in prepaid business it processed in 2012, and that a robust pipeline of new business could enable it to more than double its GDV over the next two years."

The Bancorp closed at $12.87 on Friday.

Latest Ratings for TBBK

Aug 2016Raymond JamesUpgradesMarket PerformStrong Buy
Jun 2014BTIG ResearchUpgradesNeutralBuy
Jun 2014Sandler O'NeillDowngradesBuyHold

View More Analyst Ratings for TBBK
View the Latest Analyst Ratings

Posted-In: btigAnalyst Color Initiation Analyst Ratings


Related Articles (TBBK)

View Comments and Join the Discussion!