Triumph Bancorp (TBK) Earning Somewhat Positive Press Coverage, Study Finds
Press coverage about Triumph Bancorp (NASDAQ:TBK) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Triumph Bancorp earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.8285054030557 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
TBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $33.00 target price on shares of Triumph Bancorp in a report on Wednesday, August 9th. FBR & Co downgraded shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price on the stock. in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a report on Friday, May 26th. Finally, Stephens restated an “overweight” rating and set a $34.00 target price on shares of Triumph Bancorp in a report on Monday, August 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $30.57.
Triumph Bancorp (NASDAQ:TBK) traded up 0.256% during trading on Monday, reaching $29.425. 19,524 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $28.10 and its 200-day moving average price is $25.29. The firm has a market cap of $530.50 million, a price-to-earnings ratio of 17.673 and a beta of 0.79. Triumph Bancorp has a 12 month low of $18.36 and a 12 month high of $29.55.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $43.76 million during the quarter, compared to analyst estimates of $39.38 million. Triumph Bancorp had a return on equity of 7.85% and a net margin of 15.93%. On average, equities research analysts anticipate that Triumph Bancorp will post $1.93 EPS for the current year.
In other Triumph Bancorp news, Director Charles A. Anderson bought 2,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $27.66 per share, with a total value of $55,320.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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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