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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of The Bancorp, Inc. (TBBK) on Behalf of Investors

The Bancorp, Inc. (TBBK) 
Last the bancorp, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.thebancorp.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) investors concerning the Company’s possible violations of federal securities laws.On March 21, 2024, Culper Research published a report alleging, among other things, that TBBK has “misrepresented the quality of its real estate bridge loan (‘REBL’) portfolio”, estimating TBBK to have losses anywhere from ten to fifteen times higher than the Company’s actual reserves.On this news, TBBK’s stock price fell $3.63, or 10.2%, to close at $32.12 per share on March 21, 2024, thereby injuring investors.If you purchased TBBK securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvan Show less Read more
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