Triumph Bancorp - TBK Stock Forecast, Price & News

Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate. 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. The company also provides asset-based, and equipment and premium finance loans; real estate loans to finance commercial properties; to factoring services the transportation and non-transportation sectors; agriculture loans; commercial construction, land, and land development loans; mortgage warehouse loans; residential real estate loans; and consumer loans. In addition, it offers debit cards; electronic banking, trust, and treasury management services; and insurance brokerage services. As of December 31, 2021, the company operated through a network of 10 branches in the Quad Cities Metropolitan Area of Iowa and Illinois; 8 branches in northern and central Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 31 branches in central and eastern Colorado; and 2 branches in far western Kansas, as well as a branch office dedicated to deposit gathering activities in Dallas, Texas. Triumph Bancorp, Inc. was founded in 1981 and is headquartered in Dallas, Texas.

Triumph Bancorp Trading Down 1.8 %

Shares of NASDAQ:TBK traded down $1.39 during mid-day trading on Wednesday, hitting $74.55. The company's stock had a trading volume of 90,531 shares, compared to its average volume of 193,258. Triumph Bancorp has a one year low of $60.02 and a one year high of $136.01. The company's fifty day simple moving average is $67.50 and its 200-day simple moving average is $77.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 16.10 and a beta of 1.15.

Triumph Bancorp (NASDAQ:TBK - Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.89. Triumph Bancorp had a net margin of 23.92% and a return on equity of 12.01%. During the same period last year, the company earned $1.17 EPS. On average, sell-side analysts anticipate that Triumph Bancorp will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TBK. Piper Sandler lowered their target price on Triumph Bancorp to $80.00 in a research note on Friday, July 22nd. B. Riley dropped their target price on shares of Triumph Bancorp from $142.00 to $113.00 in a research note on Monday, July 11th. Wells Fargo & Company reduced their target price on shares of Triumph Bancorp from $107.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Friday, April 22nd. StockNews.com raised shares of Triumph Bancorp from a "sell" rating to a "hold" rating in a report on Friday, July 22nd. Finally, Stephens boosted their price objective on shares of Triumph Bancorp to $76.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.60.

Insider Activity

In related news, CEO Aaron P. Graft sold 2,500 shares of Triumph Bancorp stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $72.00, for a total transaction of $180,000.00. Following the completion of the sale, the chief executive officer now directly owns 248,107 shares of the company's stock, valued at $17,863,704. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Aaron P. Graft sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $72.00, for a total transaction of $180,000.00. Following the completion of the transaction, the chief executive officer now owns 248,107 shares in the company, valued at $17,863,704. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harrison B. Barnes bought 3,800 shares of the stock in a transaction on Monday, June 13th. The stock was purchased at an average cost of $64.65 per share, with a total value of $245,670.00. Following the purchase, the director now directly owns 14,566 shares of the company's stock, valued at approximately $941,691.90. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by company insiders.