The IBD SmartSelect Composite Rating for The Bancorp increased from 93 to 96 Tuesday.
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. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
The Bancorp is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
Looking For The Best Stocks To Buy And Watch? Start Here
The stock has a 96 EPS Rating, meaning its recent quarterly and 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 posted a 13% earnings-per-share gain for Q3. Top line growth increased 9%, up from 7% in the prior report. That marks one quarter of accelerating revenue gains.
The Bancorp earns the No. 6 rank among its peers in the Banks-Northeast industry group. Amalgamated Financial, Ponce Financial Group and Orrstown Financial are among the top 5 highly-rated stocks within the group.
