News headlines about Triumph Bancorp (NASDAQ:TBK) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Triumph Bancorp earned a news impact score of 0.09 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 44.9291775568494 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- ETFs with exposure to Triumph Bancorp, Inc. : October 26, 2017 (finance.yahoo.com)
- Triumph Bancorp, Inc. (TBK) Director Michael P. Rafferty Buys 500 Shares (americanbankingnews.com)
- Triumph Bancorp, Inc. (TBK) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Triumph Bancorp, Inc. :TBK-US: Earnings Analysis: Q3, 2017 By the Numbers : October 24, 2017 (finance.yahoo.com)
- Triumph Bancorp’s (TBK) “Hold” Rating Reiterated at FBR & Co (americanbankingnews.com)
Several analysts have recently weighed in on TBK shares. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, July 5th. FBR & Co cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a report on Friday, July 21st. Piper Jaffray Companies upgraded Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Friday, July 21st. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 price target on shares of Triumph Bancorp in a report on Wednesday, August 9th. Finally, Stephens restated an “overweight” rating and set a $34.00 price target on shares of Triumph Bancorp in a report on Monday, August 21st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Triumph Bancorp presently has an average rating of “Buy” and an average price target of $34.14.
Triumph Bancorp (NASDAQ:TBK) traded down 2.94% during mid-day trading on Monday, hitting $31.35. The stock had a trading volume of 57,175 shares. The firm has a market cap of $565.21 million, a PE ratio of 18.83 and a beta of 0.83. The company’s 50 day moving average price is $31.19 and its 200 day moving average price is $26.52. Triumph Bancorp has a 52 week low of $18.36 and a 52 week high of $33.00.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. The firm had revenue of $43.68 million for the quarter, compared to analyst estimates of $44.66 million. Analysts anticipate that Triumph Bancorp will post $1.98 earnings per share for the current year.
In related news, Director Charles A. Anderson purchased 2,000 shares of Triumph Bancorp stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of $27.66 per share, for a total transaction of $55,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.35% of the stock is owned by company insiders.
About Triumph Bancorp
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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