Headlines about Triumph Bancorp (NASDAQ:TBK) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 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 closest to one being the most favorable. Triumph Bancorp earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.7868918834049 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Triumph Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : TBK-US : January 1, 2018 (finance.yahoo.com)
- Triumph Bancorp (TBK) Rating Lowered to Strong Sell at BidaskClub (americanbankingnews.com)
- ETFs with exposure to Triumph Bancorp, Inc. : December 27, 2017 (finance.yahoo.com)
- Zacks: Brokerages Expect Triumph Bancorp, Inc. (TBK) Will Announce Quarterly Sales of $48.74 Million (americanbankingnews.com)
TBK has been the topic of several recent research reports. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, December 22nd. BidaskClub downgraded Triumph Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Thursday, September 28th. Wells Fargo & Co set a $35.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Piper Jaffray Companies downgraded Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Triumph Bancorp presently has a consensus rating of “Hold” and an average price target of $34.86.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The firm had revenue of $43.68 million for the quarter, compared to the consensus estimate of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. analysts forecast that Triumph Bancorp will post 1.47 earnings per share for the current year.
In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $29.77 per share, with a total value of $163,854.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders have acquired a total of 6,504 shares of company stock worth $195,094 in the last ninety days. 12.35% of the stock is owned by company insiders.
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About Triumph Bancorp
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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