Headlines about Triumph Bancorp (NASDAQ:TBK) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triumph Bancorp earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Several analysts recently issued reports on TBK shares. TheStreet raised Triumph Bancorp from a “c” rating to a “b” rating in a research note on Wednesday, May 17th. DA Davidson started coverage on Triumph Bancorp in a research note on Tuesday, March 21st. They set a “buy” rating and a $31.00 target price on the stock. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, July 5th. Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research note on Monday, April 24th. Finally, Wells Fargo & Company raised Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research note on Friday, May 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.00.
Triumph Bancorp (NASDAQ:TBK) traded down 0.20% during trading on Friday, reaching $25.10. The company’s stock had a trading volume of 50,422 shares. The firm has a market capitalization of $450.92 million, a P/E ratio of 18.02 and a beta of 0.72. The stock has a 50-day moving average of $23.03 and a 200 day moving average of $24.83. Triumph Bancorp has a one year low of $15.51 and a one year high of $27.95.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.34. The company had revenue of $59.10 million during the quarter, compared to analysts’ expectations of $39.48 million. Triumph Bancorp had a net margin of 14.60% and a return on equity of 6.26%. On average, equities research analysts predict that Triumph Bancorp will post $1.66 EPS for the current fiscal year.
In other Triumph Bancorp news, Director Maribess L. Miller acquired 4,546 shares of the stock in a transaction that occurred on Monday, April 24th. The stock was bought at an average cost of $21.99 per share, for a total transaction of $99,966.54. Following the completion of the transaction, the director now owns 12,903 shares of the company’s stock, valued at approximately $283,736.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael P. Rafferty acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was acquired at an average price of $21.98 per share, with a total value of $32,970.00. Following the completion of the transaction, the director now directly owns 22,187 shares of the company’s stock, valued at approximately $487,670.26. The disclosure for this purchase can be found here. Insiders bought 11,651 shares of company stock valued at $258,011 over the last 90 days. Company insiders own 12.35% of the company’s stock.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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