Piper Sandler Reiterates Overweight on Bancorp, Lowers Price Target to $75
Piper Sandler analyst Manuel Navas reiterates Bancorp (NASDAQ:TBBK) with a Overweight and lowers the price target from $86 to $75.
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Bancorp Bank To Exit SBL Loan Origination By Year-End 2026; Cuts 64 Jobs, Or 9% Of Workforce; Expects $5.6M Restructuring Charges; Targets $14M Annualized Savings, Or Over $20M Including Prior Reorganization
On September 1, 2026, The Bancorp Bank, N.A. (the "Bank"), a wholly owned subsidiary of The Bancorp, Inc. (the "Company"), implemented an organizational restructuring to further align its resources and
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8-K filing — Bancorp, Inc. (TBBK)
Filed: 2026-09-04 AccNo: 0002039852-26-000121 Size: 207 KB Item 2.05: Cost Associated with Exit or Disposal Activities Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Shares of financial services companies are trading higher as declining oil prices and a dovish Fed rate hold last week have eased concerns about tight lending policy, with Treasury yields falling. The move has improved broader market sentiment and supported the sector.