Triumph Bancorp (NASDAQ:TBK) Seems to Be a Stock That Piper Jaffray Is a Bit Wary of; Firm Downgrades Shares

December 7, 2017 - By Michael Collier

 Triumph Bancorp (NASDAQ:TBK) Seems to Be a Stock That Piper Jaffray Is a Bit Wary of; Firm Downgrades Shares

Triumph Bancorp (NASDAQ:TBK) Receives a Downgrade

Piper Jaffray lowered Triumph Bancorp (NASDAQ:TBK) shares, lowering their rating to a “Hold” in analysts note sent to clients and investors on 6 October. Trading on the $689.17M market cap TBK will be interesting to observe today.

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. Keefe Bruyette & Woods maintained Triumph Bancorp, Inc. (NASDAQ:TBK) on Tuesday, October 3 with “Buy” rating. The firm has “Overweight” rating by PiperJaffray given on Friday, July 21. On Friday, July 21 the stock rating was downgraded by FBR Capital to “Market Perform”. Piper Jaffray maintained it with “Buy” rating and $32.0 target in Friday, August 25 report. Evercore upgraded the shares of TBK in report on Tuesday, July 28 to “Buy” rating. PiperJaffray downgraded the stock to “Neutral” rating in Friday, October 6 report. The rating was maintained by FBR Capital with “Buy” on Wednesday, July 19. On Friday, October 20 the stock rating was maintained by Wells Fargo with “Outperform”. As per Thursday, December 15, the company rating was initiated by Piper Jaffray. The firm earned “Outperform” rating on Friday, May 26 by Wells Fargo.

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 earnings per share, 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 earnings per share 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 Streetinsider.com published article titled: “Triumph Bancorp (TBK) Subsidiary, TBK Bank, Announces Acquisition of 9 Branch …”, Seekingalpha.com published: “Triumph Bancorp’s (TBK) CEO Aaron Graft on Triumph Bancorp Incorporated Valley …” on July 30, 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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