** 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;))
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