Piper Sandler cuts Bancorp stock price target on fintech partner loss
Piper Sandler reduced its price target for The Bancorp Inc. (TBBK) to $75 from $86, citing a 22% stock decline after CHYM's acquisition of Stride Bank ended their partnership. TBBK's stock is near its 52-week low at $50.15, down 25% YTD. The analyst expects 21-31% YOY earnings growth despite revenue loss concerns. TBBK's Q2 earnings beat estimates but revenue missed expectations.




