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Zacks Investment Research downgraded Triumph Bancorp Inc (NASDAQ:TBK) to Hold in a report released today.

Yesterday Triumph Bancorp Inc (NASDAQ:TBK) traded -0.54% lower at $25.27. The company’s 50-day moving average is $26.53 and its 200-day moving average is $25.15. The last closing price is up 8.96% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 88,430 shares of the stock traded hands, down from an average trading volume of 96,089

Zacks Investment Research has downgraded Triumph Bancorp Inc (NASDAQ:TBK) to Hold in a report released on Friday July 07, 2017.

Previously on 7/05/2017, Zacks Investment Research reported on Triumph Bancorp Inc (NASDAQ:TBK) increased the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.08%.

See Chart Below

Triumph Bancorp Inc (NASDAQ:TBK)

Triumph Bancorp Inc has a 52 week low of $17.52 and a 52 week high of $29.25 with a P/E ratio of 16.46 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on TBK. The one year target is $18.20 with 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 lastly zero equity analysts rating the company a sell.

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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