Triumph Bancorp (NASDAQ:TBK) released its earnings results on Tuesday. The financial services provider reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.06), Bloomberg Earnings reports. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%.
Shares of NASDAQ TBK traded up $0.60 during midday trading on Wednesday, reaching $39.65. 148,420 shares of the stock were exchanged, compared to its average volume of 167,968. The company has a market capitalization of $1,044.45, a P/E ratio of 25.25, a P/E/G ratio of 1.44 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $44.05.
A number of research analysts have weighed in on TBK shares. ValuEngine lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, April 7th. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Saturday, January 13th. BidaskClub upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 5th. Wells Fargo downgraded shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a report on Thursday, April 5th. Finally, Piper Jaffray restated a “hold” rating and set a $35.00 price target on shares of Triumph Bancorp in a report on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Triumph Bancorp has a consensus rating of “Buy” and an average price target of $39.78.
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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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