DA Davidson Initiates Coverage On Triumph Bancorp Inc to Buy with Price Target $31

DA Davidson Initiates Coverage On Triumph Bancorp Inc(TBK). In a research note issued to the investors, the brokerage major Announces the price-target to $31 per share. The shares have been rated Buy. The rating by the stock financial advisor at DA Davidson was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Triumph Bancorp Inc (TBK) made into the market gainers list on Fridays trading session with the shares advancing 2.21% or 0.55 points. Due to strong positive momentum, the stock ended at $25.4, which is also near the day’s high of $25.55. The stock began the session at $25 and the volume stood at 37,172 shares. The 52-week high of the shares is $27.95 and the 52 week low is $14.395. The company has a current market capitalization of $459 M and it has 1,80,83,294 shares in outstanding.

Triumph Bancorp Inc(TBK) last announced its earnings results on Jan 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $39.752M. Analysts had an estimated revenue of $39.750M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Michael P Rafferty (director) purchased 1,593 shares at $17.15 per share price.Also, On May 6, 2016, Charles A Anderson (director) purchased 2,000 shares at $15.22 per share price.On Nov 23, 2015, Justin N Trail (director) purchased 350 shares at $17.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Triumph Bancorp Inc. is a financial holding company. Through its two wholly owned bank subsidiaries Triumph Savings Bank SSB and Triumph Community Bank N.A. the Company offers traditional banking services as well as commercial finance products to businesses that require financial solutions. The Company operates in three business segments: Factoring Banking and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services. The Banking segment includes the operations of Triumph Savings Bank and Triumph Community Bank. The Banking segment also includes certain factored receivables which are purchased by Triumph Savings Bank under its Triumph Commercial Finance brand. Corporate includes holding company financing and investment activities management and administrative expenses to support the overall operations of the Company and the asset management operations of Triumph Capital Advisors.

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