Is The Bancorp, Inc. (Delaware) overvalued or undervalued?

As of 26 August 2025, The Bancorp, Inc. (Delaware) has moved from fair to expensive in its valuation grade. The company is currently considered overvalued, with a P/E ratio of 11, a Price to Book Value of 2.94, and an EV to EBITDA of 4.42. In comparison, peers such as Independent Bank Corp. (Massachusetts) have a P/E ratio of 18.40, while First BanCorp (Puerto Rico) stands at 12.69, indicating that The Bancorp is trading at a lower valuation relative to these competitors.
Despite its overvaluation, The Bancorp has demonstrated strong stock performance, with a year-to-date return of 51.24%, significantly outpacing the S&P 500's 12.22% during the same period. This performance suggests that while the stock may be overvalued based on traditional metrics, market sentiment has been favorable.