Triumph Bancorp (TBK) Receives a Buy from Stephens


In a report released today, Matt Olney from Stephens maintained a Buy rating on Triumph Bancorp (TBK), with a price target of $38. The company’s shares closed yesterday at $30.77.

According to TipRanks.com, Olney is a 2-star analyst with an average return of 0.7% and a 46.9% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.

Currently, the analyst consensus on Triumph Bancorp is a Moderate Buy with an average price target of $37.

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Based on Triumph Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $18.09 million. In comparison, last year the company had a net profit of $12.07 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TBK in relation to earlier this year.

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 and Corporate. The Factoring segment includes the operations of Triumph Business Capital which offers factoring services.

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