Bancorp Inc (TBBK) is Initiated by Piper Jaffray to Neutral, Price Target at $7.50

Bancorp Inc (TBBK) was Initiated by Piper Jaffray to “Neutral” and the brokerage firm has set the Price Target at $7.50. Piper Jaffray advised their investors in a research report released on Nov 30, 2016.

Bancorp Inc closed down -0.24 points or -3.23% at $7.19 with 2,80,340 shares getting traded on Tuesday. Post opening the session at $7.42, the shares hit an intraday low of $7.17 and an intraday high of $7.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Nov 15, 2016, Hersh Kozlov (director) purchased 10,000 shares at $0.00 per share price. According to the SEC, on Nov 14, 2016, Michael J Bradley (director) purchased 10,000 shares at $7.02 per share price. On Oct 5, 2016, James J Iii Mcentee (director) purchased 100,000 shares at $4.50 per share price, according to the Form-4 filing with the securities and exchange commission.

The Bancorp Inc. is a financial holding company which operates through its subsidiary The Bancorp Bank (the Bank) a chartered commercial bank located in Wilmington Delaware. The Company operates through four business segments: specialty finance payments corporate and discontinued operations. The specialty finance segment includes commercial mortgage loan sales small business administration loans leasing and security backed lines of credit and deposits generated by those business lines. The payments segment includes prepaid cards card payments automated clearing house (ACH) processing and healthcare accounts. The corporate segment includes the Company’s investment portfolio. Through the Bank the Company also provides banking services nationally which include private label banking institutional banking card payment and other payment processing and health savings accounts.

Bancorp Inc

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