Analysts’ Opinions Are Mixed on These Financial Stocks: Bancorp (TBBK), Selective Insurance Group (SIGI) and Banc of California (BANC)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Bancorp (TBBK – Research Report), Selective Insurance Group (SIGI – Research Report) and Banc of California (BANC – Research Report).

Bancorp (TBBK)

Piper Sandler analyst Frank Schiraldi maintained a Buy rating on Bancorp today and set a price target of $55.00. The company’s shares closed last Friday at $33.11.

According to TipRanks.com, Schiraldi is a 5-star analyst with an average return of 12.1% and a 57.5% success rate. Schiraldi covers the Financial sector, focusing on stocks such as Valley National Bancorp, Oceanfirst Financial, and Northwest Bancshares.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bancorp with a $50.50 average price target.

See the top stocks recommended by analysts >>

Selective Insurance Group (SIGI)

Piper Sandler analyst Paul Newsome maintained a Hold rating on Selective Insurance Group today and set a price target of $104.00. The company’s shares closed last Friday at $98.21.

According to TipRanks.com, Newsome is a 5-star analyst with an average return of 11.6% and a 71.8% success rate. Newsome covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., American International Group, and Universal Insurance Holdings.

Currently, the analyst consensus on Selective Insurance Group is a Hold with an average price target of $109.00, implying a 10.7% upside from current levels. In a report issued on May 2, RBC Capital also maintained a Hold rating on the stock with a $103.00 price target.

Banc of California (BANC)

In a report released today, Matthew Clark from Piper Sandler maintained a Buy rating on Banc of California, with a price target of $19.00. The company’s shares closed last Friday at $15.08, close to its 52-week high of $16.08.

According to TipRanks.com, Clark is a 4-star analyst with an average return of 8.3% and a 57.2% success rate. Clark covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, First Western Financial, and Columbia Banking System.

Currently, the analyst consensus on Banc of California is a Moderate Buy with an average price target of $16.86, which is a 12.5% upside from current levels. In a report released yesterday, KBW also assigned a Buy rating to the stock with a $18.00 price target.

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Read More on TBBK:

• Bancorp Inc Shares Investor Presentation Update
• The Bancorp reports Q1 EPS $1.06, consensus $1.05
• The Bancorp management to meet with Piper Sandler
• Culper Research short The Bancorp, says ‘misrepresented’ REBL portfolio
• Culper Research says short The Bancorp, cites multifamily bridge loan risks