Triumph Bancorp (TBK) Receiving Somewhat Positive Media Coverage, Analysis Finds
News headlines about Triumph Bancorp (NASDAQ:TBK) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring 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 positive one, with scores nearest to one being the most favorable. Triumph Bancorp earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 44.9632416716483 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Triumph Bancorp, Inc. (TBK) Given Consensus Rating of “Buy” by Analysts (americanbankingnews.com)
- Triumph Bancorp, Inc. (TBK) Lifted to Strong-Buy at BidaskClub (americanbankingnews.com)
- TBK Crosses Above Average Analyst Target (thestreet.com)
- Triumph Bancorp, Inc. (TBK) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- Financial Contrast: Triumph Bancorp (TBK) and Its Peers (americanbankingnews.com)
Shares of Triumph Bancorp (TBK) traded up 0.62% during trading on Friday, hitting $32.25. The stock had a trading volume of 163,744 shares. The firm has a market cap of $581.44 million, a price-to-earnings ratio of 19.37 and a beta of 0.79. The stock has a 50-day moving average of $28.18 and a 200 day moving average of $25.30. Triumph Bancorp has a 12-month low of $18.36 and a 12-month high of $32.60.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $39.38 million. On average, analysts predict that Triumph Bancorp will post $1.92 earnings per share for the current fiscal year.
TBK has been the subject of several research reports. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, July 5th. Piper Jaffray Companies raised Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research report on Friday, July 21st. FBR & Co cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price objective for the company. in a research note on Friday, July 21st. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Triumph Bancorp in a research note on Monday, August 21st. Finally, BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.57.
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In related news, Director Charles A. Anderson bought 2,000 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $27.66 per share, for a total transaction of $55,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.35% of the stock is currently owned by company 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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