From Financial Modeling Prep: 2024-12-27 12:47:00

Piper Sandler analysts reiterate Overweight rating and $64 price target for The Bancorp (NASDAQ:TBBK) after extension of sale agreement for REBL OREO property. Investors relieved by news, alleviating concerns of delays or uncertainties. Transaction, originally set to close by December 31st, now shows stronger commitment with increased buyer deposit, boosting confidence in completion.

Extension of sale agreement likely to trigger relief rally for TBBK shares, as recent weakness may have been due to fears of deal falling through. Enhanced terms and increased buyer deposit provide greater certainty for The Bancorp, highlighting resilience and strategic execution. Market likely to react positively to news.



Read more at Financial Modeling Prep:: The Bancorp Maintains Momentum with Extended REBL …