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Triumph Bancorp Inc (NASDAQ:TBK) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Boasting a price of $23.15, Triumph Bancorp Inc (NASDAQ:TBK) traded 0.51% higher on the day. With the last stock price close down 16.05% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Triumph Bancorp Inc has recorded a 50-day average of $28.10 and a two hundred day average of $25.29. Volume of trade was up over the average, with 324,671 shares of TBK changing hands over the typical 110,283

Zacks Investment Research has upgraded Triumph Bancorp Inc (NASDAQ:TBK) to Hold in a statement released on 6/21/2017.

Performance Chart

Triumph Bancorp Inc (NASDAQ:TBK)

With a total market value of $0, Triumph Bancorp Inc has price-earnings ratio of 17.63 with a one year low of $18.36 and a one year high of $29.45 .

A total of 5 equity analysts have released a ratings update on TBK. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $18.20.

Brief Synopsis About Triumph Bancorp Inc (NASDAQ:TBK)

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. The Banking segment includes the operations of TBK Bank, including loans originated under its Triumph Commercial Finance, Triumph Healthcare Finance and Triumph Premium Finance brands. The Asset Management segment includes the operations of Triumph Capital Advisors, LLC with revenue derived from fees for providing other services related to collateralized loan obligation funds. The Corporate segment includes holding company financing and investment activities and management and administrative expenses to support the overall operations of the Company.

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