Why Shares of The Bancorp Are Trading Higher Today

Why Shares of The Bancorp Are Trading Higher Today

Shares of The Bancorp (NASDAQ: TBBK), a $7.7 billion asset bank in Delaware, traded more than 10% higher as of 11 a.m. EDT today, after it came to light that the bank would soon join the S&P SmallCap 600 index. The Bancorp, which will join the index Friday, currently has a market cap of $1.42 billion. Also, being added to an index results in greater visibility for the stock.