News headlines about Triumph Bancorp (NASDAQ:TBK) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triumph Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.4123958390605 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern’s rankings:

Several analysts have commented on TBK shares. BidaskClub upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. B. Riley raised their target price on shares of Triumph Bancorp from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, July 3rd. Stephens reaffirmed a “buy” rating and set a $46.00 price target on shares of Triumph Bancorp in a research note on Thursday, July 19th. Finally, ValuEngine cut shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $42.11.

Shares of TBK traded up $0.75 during mid-day trading on Friday, hitting $43.85. 231,880 shares of the company’s stock were exchanged, compared to its average volume of 145,412. The stock has a market capitalization of $1.13 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.63 and a beta of 0.89. Triumph Bancorp has a 52 week low of $28.45 and a 52 week high of $44.05. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.06.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $58.20 million for the quarter, compared to the consensus estimate of $56.86 million. Triumph Bancorp had a return on equity of 10.51% and a net margin of 17.55%. sell-side analysts anticipate that Triumph Bancorp will post 2.4 earnings per share for the current fiscal year.

In other news, Director C Todd Sparks bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was acquired at an average cost of $38.75 per share, with a total value of $116,250.00. Following the completion of the purchase, the director now owns 46,169 shares of the company’s stock, valued at $1,789,048.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 9.40% of the stock is owned by company insiders.

Triumph Bancorp Company Profile

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. 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.

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