Stock of The Day: Could Triumph Bancorp Inc See a Reversal After Breaking Its 52-Week High?

Stock of The Day: Could Triumph Bancorp Inc See a Reversal After Breaking Its 52 Week High?

The stock of Triumph Bancorp Inc (NASDAQ:TBK) hit a new 52-week high and has $23.10 target or 5.00% above today’s $22.00 share price. The 8 months bullish chart indicates low risk for the $403.86M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $23.10 price target is reached, the company will be worth $20.19 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.92% or $0.2 during the last trading session, hitting $22. About 27,419 shares traded hands. Triumph Bancorp Inc (NASDAQ:TBK) has risen 36.76% since April 22, 2016 and is uptrending. It has outperformed by 31.35% the S&P500.

Analysts await Triumph Bancorp Inc (NASDAQ:TBK) to report earnings on February, 1. They expect $0.37 EPS, up 94.74% or $0.18 from last year’s $0.19 per share. TBK’s profit will be $6.79M for 14.86 P/E if the $0.37 EPS becomes a reality. After $0.32 actual EPS reported by Triumph Bancorp Inc for the previous quarter, Wall Street now forecasts 15.63% 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. Triumph Bancorp has been the topic of 4 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Bruyette & Woods” upgraded the stock to “Outperform” rating in Friday, August 21 report. The rating was initiated by FBR Capital with “Outperform” on Thursday, March 31. The company was upgraded on Tuesday, July 28 by Evercore.

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, Globenewswire.com published: “Triumph Bancorp, Inc. Announces Federal Reserve Bank and FDIC Approvals …” on July 18, 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 Businesswire.com‘s news article titled: “Kroll Bond Rating Agency Comments on Triumph Bancorp, Inc.’s Acquisition of …” with publication date: September 13, 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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