Triumph Bancorp (NASDAQ:TBK) posted its earnings results on Wednesday. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.43, MarketWatch Earnings reports. Triumph Bancorp had a return on equity of 6.74% and a net margin of 13.50%.
NASDAQ TBK opened at $59.68 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.92 and a beta of 1.17. The stock’s 50 day moving average price is $52.16 and its two-hundred day moving average price is $38.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.06. Triumph Bancorp has a 52 week low of $19.03 and a 52 week high of $60.85.
In related news, CFO R Bryce Fowler sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $44.41, for a total transaction of $66,615.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Todd Sparks sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $44.40, for a total value of $2,220,000.00. Following the completion of the transaction, the director now directly owns 51,101 shares in the company, valued at $2,268,884.40. The disclosure for this sale can be found here. Insiders sold a total of 75,601 shares of company stock worth $3,381,722 in the last 90 days. Company insiders own 9.53% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a report on Friday, November 13th. Stephens cut Triumph Bancorp from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $40.00 to $46.00 in a report on Wednesday, October 21st. They noted that the move was a valuation call. Wells Fargo & Company upgraded Triumph Bancorp from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $27.50 in a report on Thursday, October 8th. B. Riley lifted their price objective on Triumph Bancorp from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, January 7th. Finally, Keefe, Bruyette & Woods cut Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research note on Wednesday, November 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Triumph Bancorp currently has an average rating of “Buy” and a consensus target price of $40.81.
About Triumph Bancorp
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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