The Bancorp saw an improvement in its IBD SmartSelect Composite Rating Friday, from 94 to 96.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
The Bancorp is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity.
The stock has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company reported a 12% rise in earnings for Q1. Revenue growth increased 42%, up from 25% in the prior quarter. The company has now posted increasing growth in each of the last three quarters.
The Bancorp holds the No. 3 rank among its peers in the Banks-Northeast industry group. Capital Bancorp is the No. 1-ranked stock within the group.
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