Several analysts have recently updated their ratings and price targets for Triumph Bancorp (NASDAQ: TBK):

  • 10/10/2017 – Triumph Bancorp had its “neutral” rating reaffirmed by analysts at FBR & Co. They now have a $32.00 price target on the stock, up previously from $29.00.
  • 10/6/2017 – Triumph Bancorp was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $34.00 price target on the stock.
  • 9/30/2017 – Triumph Bancorp was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/28/2017 – Triumph Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $35.00 price target on the stock. According to Zacks, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas. “
  • 9/21/2017 – Triumph Bancorp was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/20/2017 – Triumph Bancorp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas. “
  • 8/21/2017 – Triumph Bancorp had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $34.00 price target on the stock.

Triumph Bancorp, Inc. (NASDAQ TBK) opened at 32.40 on Wednesday. The stock has a market capitalization of $584.14 million, a price-to-earnings ratio of 19.46 and a beta of 0.83. Triumph Bancorp, Inc. has a one year low of $18.36 and a one year high of $32.60. The company has a 50-day moving average of $29.81 and a 200-day moving average of $25.95.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The company had revenue of $43.76 million during the quarter, compared to the consensus estimate of $39.38 million. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. On average, equities analysts forecast that Triumph Bancorp, Inc. will post $1.92 EPS for the current fiscal year.

In other Triumph Bancorp news, Director Charles A. Anderson bought 2,000 shares of Triumph Bancorp stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $27.66 per share, with a total value of $55,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.35% of the company’s stock.

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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