The Bancorp price target raised to $55 from $51 at Piper Sandler

Piper Sandler raised the firm’s price target on The Bancorp to $55 from $51 and keeps an Overweight rating on the shares following quarterly results. The firm says that following management’s reiteration for $4.25 2024 EPS ex-buybacks and another quarter of run rate that supports the guide, there is little change to its expectations.