Stephens analyst Matt Olney maintained a Buy rating on Triumph Bancorp (NASDAQ: TBK) today and set a price target of $46. The company’s shares closed yesterday at $36.91.
According to TipRanks.com, Olney is a 3-star analyst with an average return of 3.9% and a 48.6% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.
Currently, the analyst consensus on Triumph Bancorp is a Strong Buy with an average price target of $46.83.
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Based on Triumph Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $9.17 million. In comparison, last year the company had a net profit of $9.78 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock. Most recently, in July 2018, Todd Sparks, a Director at TBK bought 3,000 shares for a total of $116,240.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Triumph Bancorp, Inc. operates as a financial holding company which offers traditional banking and financial solutions. It operates through the following segments: Factoring, Banking, Asset Management, and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.
