The stock of Triumph Bancorp Inc (NASDAQ:TBK) reached all time high today, Oct, 11 and still has $29.91 target or 48.00% above today’s $20.21 share price. This indicates more upside for the $370.75M company. This technical setup was reported by Barchart.com. If the $29.91 PT is reached, the company will be worth $177.96 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1,044 shares traded hands. Triumph Bancorp Inc (NASDAQ:TBK) has risen 31.67% since March 8, 2016 and is uptrending. It has outperformed by 22.36% the S&P500.
Analysts await Triumph Bancorp Inc (NASDAQ:TBK) to report earnings on October, 26. They expect $0.29 EPS, up 31.82% or $0.07 from last year’s $0.22 per share. TBK’s profit will be $5.32 million for 17.42 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Triumph Bancorp Inc for the previous quarter, Wall Street now forecasts 16.00% EPS growth.
Triumph Bancorp Inc (NASDAQ:TBK) Ratings Coverage
Out of 4 analysts covering Triumph Bancorp (NASDAQ:TBK), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $19 is the highest target while $17 is the lowest. The $18 average target is -10.94% below today’s ($20.21) stock price. Triumph Bancorp has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Evercore given on Tuesday, July 28. The firm has “Outperform” rating by FBR Capital given on Thursday, March 31. The firm has “Outperform” rating given on Friday, August 21 by Bruyette & Woods”.
According to Zacks Investment Research, “Triumph Bancorp Inc. is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It serves a broad national customer base through its commercial finance brands, which include discount factoring through Triumph Business Capital, equipment lending and general asset based lending through Triumph Commercial Finance, healthcare asset based lending through Triumph Healthcare Finance, commercial insurance through Triumph Insurance Group, institutional asset management services through Triumph Capital Advisors. Triumph Bancorp Inc. is headquartered in Dallas, Texas.”
More notable recent Triumph Bancorp Inc (NASDAQ:TBK) news were published by: Globenewswire.com which released: “Triumph Bancorp, Inc. Announces Completion of Its Acquisition of ColoEast …” on August 01, 2016, also Globenewswire.com with their article: “Triumph Bancorp, Inc. to Acquire ColoEast Bankshares, Inc.” published on March 07, 2016, Businesswire.com published: “Kroll Bond Rating Agency Comments on Triumph Bancorp, Inc.’s Acquisition of …” on September 13, 2016. More interesting news about Triumph Bancorp Inc (NASDAQ:TBK) were released by: Globenewswire.com and their article: “Triumph Bancorp Announces Completion of the Previously Announced Merger of Its …” published on October 01, 2015 as well as Globenewswire.com‘s news article titled: “Triumph Bancorp to Present at the Midwest IDEAS Investor Conference on August …” with publication date: August 30, 2016.
TBK Company Profile
Triumph Bancorp, Inc., incorporated on November 10, 2003, 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 to businesses that require specialized financial solutions. The Firm operates through four divisions: Banking, Factoring, Asset Management and Corporate. The Company’s community banking activities include a suite of lending and deposit services and products focused on its local market areas. The Company’s commercial finance products include factoring, asset lending, equipment lending, healthcare lending and premium finance products. In addition, through its subsidiary, Triumph Capital Advisors, LLC (Triumph Capital Advisors), it provides investment management services focused on the origination and management of collateralized loan obligations. The Company’s total loans held for investment are approximately $1.292 billion. It operates its business through several corporate entities, including TBK Bank, SSB, Advance Business Capital, LLC (doing business as Triumph Business Capital); Triumph Insurance Group, Inc., and Triumph Capital Advisors, LLC.
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