Raymond James analyst William Wallace downgraded The Bancorp two notches to Market Perform from Strong Buy following the Q4 report that indicates another significant mark against the discontinued loan portfolio, $5M loss in discontinued operations, and its investment in an unconsolidated entity, Walnut Street, a $13.2M decline in value of unconsolidated entity. With the company's bank-level Tier 1 Leverage ratio declining to 7.1% from 7.4% following the loss in 4Q, Wallace is concerned the company will need another capital raise to boost this ratio closer to management's targeted 8.5-9.0% range.