The Bancorp price target raised to $64 from $61 at Piper Sandler

Piper Sandler raised the firm’s price target on The Bancorp (TBBK) to $64 from $61 and keeps an Overweight rating on the shares. The firm continues to see Pathward Financial (CASH) and The Bancorp as very attractive over the long term, given business models that generate better profitability and a better growth trajectory than traditional banks, while still largely trading in-line with the group. BaaS pipelines for both should remain strong especially as regulatory pressures force smaller peers out of the business, Piper adds.