Why The Bancorp Stock Surged Today

One of the more popular, albeit under-the-radar, finance sector stocks became even more valuable on Thursday. The Bancorp's (NASDAQ: TBBK) share price rose by nearly 8% that trading session, thanks largely to a recommendation upgrade from an analyst.The Bancorp, an innovative fintech that provides back-end banking services for companies that wish to offer them but lack their own bank charters, was upgraded by Keefe, Bruyette & Woods. That firm's analyst, Timothy Switzer, now rates the company an outperform (buy, in other words), up from his previous tag of market perform (hold). Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool