Triumph Bancorp (NASDAQ:TBK) issued its earnings results on Wednesday. The financial services provider reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.43, MarketWatch Earnings reports. Triumph Bancorp had a return on equity of 6.74% and a net margin of 13.50%.
Shares of NASDAQ:TBK opened at $59.68 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of 30.92 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.41. Triumph Bancorp has a 12-month low of $19.03 and a 12-month high of $60.85. The business has a fifty day simple moving average of $52.16 and a 200 day simple moving average of $38.82.
A number of research analysts have recently commented on TBK shares. Stephens cut Triumph Bancorp from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $40.00 to $46.00 in a research note on Wednesday, October 21st. They noted that the move was a valuation call. Raymond James cut Triumph Bancorp from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $40.00 to $50.00 in a research note on Wednesday, October 21st. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research note on Friday, November 13th. Piper Sandler increased their price target on Triumph Bancorp from $25.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, September 30th. Finally, Keefe, Bruyette & Woods cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $45.00 price target for the company. in a research note on Wednesday, November 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.81.
About Triumph Bancorp
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
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