Raymond James Upgrades Bancorp to Strong Buy with Raised Price Target

Raymond James upgraded Bancorp (TBBK) to "Strong Buy" and raised its price target from $71 to $76, indicating a 7.04% increase. The firm's positive outlook reflects Bancorp's future performance. Bancorp's operations are classified under three segments: fintech, specialty finance, and corporate. The average target price for TBBK is $68, with a high estimate of $71 and a low estimate of $65. The average brokerage recommendation is 2.3, indicating "Outperform" status.

Raymond James has upgraded Bancorp (NASDAQ:TBBK) to a "Strong Buy" rating and raised its price target from $71 to $76, indicating a 7.04% increase. The financial services firm's positive outlook reflects Bancorp's future performance, particularly in its fintech strategy. Bancorp's operations are classified under three segments: fintech, specialty finance, and corporate. The average target price for TBBK is $68, with a high estimate of $71 and a low estimate of $65. The average brokerage recommendation is 2.3, indicating an "Outperform" status.

The upgrade comes after Bancorp's recent credit rating upgrade from Kroll Bond Rating Agency (KBRA) and follows other positive analyst actions. Raymond James noted that Bancorp's focus on fintech partnerships, such as Chime and PayPal, is expected to enhance profitability while de-risking the company's balance sheet. The analyst also stated that market concerns regarding The Bancorp's Real Estate Bridge Lending are likely "overblown."

Bancorp's shares initially jumped 3.9% in the afternoon session after the upgrade, but cooled down to $65.02, up 3.6% from the previous close. The Bancorp stock has shown volatility, with 19 moves greater than 5% over the last year. Despite this, the stock has been performing well, with a 25.8% increase since the beginning of the year and trading close to its 52-week high of $69.62.

Analysts from other firms have also shown confidence in Bancorp's prospects. Jefferies Financial Group and Oppenheimer have given the stock a "buy" rating, while Keefe, Bruyette & Woods has set a $65.00 price target. The CEO of Bancorp, Damian Kozlowski, recently sold 141,213 shares at an average price of $64.84, while director Matthew Cohn purchased 1,350 shares at $64.80 each.

References:
[1] https://finance.yahoo.com/news/bancorp-tbbk-stock-know-163100434.html
[2] https://site.financialmodelingprep.com/market-news/the-bancorp-tbbk-strong-buy-rating-raymond-james
[3] https://www.tradingview.com/news/tradingview:1d98022bcb6ed:0-bancorp-inc-sec-10-q-report/
[4] https://www.marketbeat.com/instant-alerts/the-bancorp-inc-nasdaqtbbk-receives-consensus-recommendation-of-buy-from-analysts-2025-08-01/