The Bancorp price target raised to $51 from $49 at Piper Sandler

Piper Sandler analyst Frank Schiraldi raised the firm’s price target on The Bancorp to $51 from $49 and keeps an Overweight rating on the shares. While the firm sees Q4 bottom-line earnings as falling short of consensus for both names, Piper expects 2024 expectations are going to be more important to each story. Further, it thinks a reiteration of 2024 growth expectations will be enough to get the stocks working again.