Piper Jaffray Finally Downgrades Triumph Bancorp (NASDAQ:TBK)

December 7, 2017 - By Ellis Scott

 Piper Jaffray Finally Downgrades Triumph Bancorp (NASDAQ:TBK)

Triumph Bancorp (NASDAQ:TBK) Receives a Downgrade

New York-listed Triumph Bancorp (NASDAQ:TBK) shares have been decreased by stock analysts at Piper Jaffray. Piper Jaffray decreased its rating on the $689.17M market capitalized firm to a “Hold”.

Triumph Bancorp, Inc. (NASDAQ:TBK) Ratings Coverage

Among 9 analysts covering Triumph Bancorp (NASDAQ:TBK), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Triumph Bancorp has $36.0 highest and $17 lowest target. $28.86’s average target is -12.81% below currents $33.1 stock price. Triumph Bancorp had 17 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, October 20 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of Triumph Bancorp, Inc. (NASDAQ:TBK) earned “Outperform” rating by Wells Fargo on Friday, May 26. The rating was downgraded by FBR Capital to “Market Perform” on Friday, July 21. The stock of Triumph Bancorp, Inc. (NASDAQ:TBK) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, August 9. Evercore upgraded the shares of TBK in report on Tuesday, July 28 to “Buy” rating. The firm earned “Outperform” rating on Thursday, March 31 by FBR Capital. The rating was initiated by Piper Jaffray on Thursday, December 15 with “Overweight”. PiperJaffray downgraded Triumph Bancorp, Inc. (NASDAQ:TBK) on Friday, October 6 to “Neutral” rating. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The stock of Triumph Bancorp, Inc. (NASDAQ:TBK) earned “Buy” rating by Piper Jaffray on Friday, August 25.

The stock decreased 0.15% or $0.05 during the last trading session, reaching $33.1. About 116,726 shares traded or 13.06% up from the average. Triumph Bancorp, Inc. (NASDAQ:TBK) has risen 39.25% since December 7, 2016 and is uptrending. It has outperformed by 22.55% the S&P500.

Analysts await Triumph Bancorp, Inc. (NASDAQ:TBK) to report earnings on January, 22. They expect $0.46 EPS, up 39.39 % or $0.13 from last year’s $0.33 per share. TBK’s profit will be $9.58M for 17.99 P/E if the $0.46 EPS becomes a reality. After $0.47 actual EPS reported by Triumph Bancorp, Inc. for the previous quarter, Wall Street now forecasts -2.13 % negative EPS growth.

Triumph Bancorp, Inc., a financial holding company, provides banking and commercial finance services and products to businesses in the United States. The company has market cap of $689.17 million. The firm operates through four divisions: Banking, Factoring, Asset Management, and Corporate. It has a 19.88 P/E ratio. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.

More important recent Triumph Bancorp, Inc. (NASDAQ:TBK) news were published by: Globenewswire.com which released: “Triumph Bancorp, Inc. to Acquire Valley Bancorp, Inc.” on July 26, 2017, also Seekingalpha.com published article titled: “Triumph Bancorp’s (TBK) CEO Aaron Graft on Triumph Bancorp Incorporated Valley …”, Streetinsider.com published: “Triumph Bancorp (TBK) Subsidiary, TBK Bank, Announces Acquisition of 9 Branch …” on June 23, 2017. More interesting news about Triumph Bancorp, Inc. (NASDAQ:TBK) was released by: Globenewswire.com and their article: “Triumph Bancorp, Inc. Announces Pricing of Common Stock Offering” with publication date: July 27, 2017.

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