Somewhat Positive Media Coverage Somewhat Unlikely to Affect Triumph Bancorp (TBK) Stock Price
News coverage about Triumph Bancorp (NASDAQ:TBK) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Triumph Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.273895400451 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Triumph Bancorp (NASDAQ:TBK) remained flat at $28.35 during midday trading on Wednesday. The company’s stock had a trading volume of 21,350 shares. Triumph Bancorp has a 52 week low of $18.36 and a 52 week high of $29.25. The firm has a market cap of $511.12 million, a P/E ratio of 17.03 and a beta of 0.79. The company has a 50-day moving average of $27.82 and a 200 day moving average of $25.16.
Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. The business had revenue of $43.76 million for the quarter, compared to analysts’ expectations of $39.38 million. Equities analysts forecast that Triumph Bancorp will post $1.93 earnings per share for the current fiscal year.
TBK has been the topic of a number of recent analyst reports. TheStreet raised shares of Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. Wells Fargo & Company raised shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Friday, May 26th. Zacks Investment Research raised shares of Triumph Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. FBR & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a research report on Friday, July 21st. Finally, Piper Jaffray Companies raised shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a research report on Friday, July 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.57.
In other Triumph Bancorp news, Director Charles A. Anderson purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $27.66 per share, for a total transaction of $55,320.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 12.35% of the stock is currently owned by corporate insiders.
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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