BUZZ-Piper Sandler reiterates 'overweight' rating on Bancorp after recent decline

Reuters
03-20
BUZZ-Piper Sandler reiterates 'overweight' rating on Bancorp after recent decline

** Piper Sandler says it is a "good time to reiterate one of its favorite bank stock ideas" after the recent pullback

** Community bank Bancorp's shares TBBK.O climb 5% to $55.19

** Brokerage has "overweight" rating on TBBK with a $68 PT, a 29.3% upside to stock's last close

** Says there has been recent noise around the stock after retraction of its annual report, but TBBK's profitability far outstrips the average banking institution

** TBBK has fallen 9% in the last one month

** Piper Sandler expects near-term positive newsflow with the successful sale of the bank's largest OREO property to drive shares higher

** Other real estate owned (OREO) properties are those that banks own due to foreclosure or other legal processes

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10