On Tuesday, The Bancorp got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
The Bancorp is currently forming a double bottom, with a 57.54 buy point. See if the stock can break out in heavy trade at least 40% above average.
The stock earns a 96 EPS Rating, meaning its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted a 12% rise in earnings for Q1. Sales growth climbed 42%, up from 25% in the prior quarter. That marks three consecutive reports with increasing revenue gains.
The Bancorp holds the No. 4 rank among its peers in the Banks-Northeast industry group. Capital Bancorp is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
