Triumph Bancorp (NASDAQ:TBK) issued its earnings results on Wednesday. The financial services provider reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.43, MarketWatch Earnings reports. Triumph Bancorp had a net margin of 13.50% and a return on equity of 6.74%.
NASDAQ:TBK opened at $59.68 on Friday. The stock’s 50 day moving average price is $52.16 and its 200 day moving average price is $38.82. Triumph Bancorp has a 52 week low of $19.03 and a 52 week high of $60.85. The company has a market capitalization of $1.48 billion, a P/E ratio of 30.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.06.
A number of analysts recently weighed in on the stock. Stephens cut shares of Triumph Bancorp from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $40.00 to $46.00 in a report on Wednesday, October 21st. They noted that the move was a valuation call. Raymond James lowered shares of Triumph Bancorp from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $50.00 in a research note on Wednesday, October 21st. TheStreet raised shares of Triumph Bancorp from a “c+” rating to a “b-” rating in a research note on Monday, October 26th. Keefe, Bruyette & Woods lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research note on Wednesday, November 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a research report on Friday, November 13th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $40.81.
In other Triumph Bancorp news, CEO Aaron P. Graft sold 19,101 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $45.71, for a total transaction of $873,106.71. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Adam D. Nelson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $44.40, for a total value of $222,000.00. Following the transaction, the executive vice president now owns 29,063 shares in the company, valued at approximately $1,290,397.20. The disclosure for this sale can be found here. Insiders sold 75,601 shares of company stock worth $3,381,722 in the last 90 days. 9.53% of the stock is currently owned by corporate insiders.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.
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