Triumph Bancorp Inc (NASDAQ:TBK) target upped to $22.00, issued a report today by Zacks Investment Research
- Updated: October 7, 2016
Yesterday Triumph Bancorp Inc (NASDAQ:TBK) traded -0.90% lower at $19.82. The company’s 50-day moving average is $19.10 and its 200-day moving average is $17.02. The last stock close price is up 16.44% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 14,819 shares of the stock were exchanged, down from an average trading volume of 32,482
Triumph Bancorp Inc (NASDAQ:TBK) had its target bumped up to $22.00 by Zacks Investment Research in a report issued 10/8/2016. The upped price target implies a possible upside of 0.11% from the company's last stock close price.
Previously on 03/31/2016, FBR Capital reported about Triumph Bancorp Inc (NASDAQ:TBK) raised the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.20%.
See Chart Below
Triumph Bancorp Inc has a price-earnings ratio of 18.49 with a one year low of $12.63 and a one year high of $20.08 TBK’s total market value is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 equity analysts have released a ratings update on Triumph Bancorp Inc. The 12-month price target is $18.20 with zero analysts rating the company a strong buy, 3 brokerages rating the stock a buy, 2 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the stock a sell.
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 banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Advance Business Capital, LLC (doing business as Triumph Business Capital) with revenue derived from factoring services. The Banking segment includes the operations of TBK Bank, including loans originated under its TCF brand, and certain factored receivables, which are purchased by TBK Bank. The Asset Management segment includes operations of Triumph Capital Advisors, LLC, which manages collateralized loan obligation funds. The Corporate segment includes holding company financing and investment activities, and management and administrative expenses to support its operations.
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