Triumph Bancorp – Consensus indicates downside potential of -10.3%
Triumph Bancorp found using ticker (TBK) now have 7 analysts covering the stock with the consensus suggesting a rating of “Hold”. The target price is between 50 and 27.5 with an average TP of 43.64. Given that the previous close of shares was at 48.64, this would imply a potential drop of -10.3%. The 50 day moving average is 39.65 while the 200 day moving average is 29.49. The company’s market capitalization is $ 1,189 million. Visit the company’s website at: http://www.triumphbancorp.com
Triumph Bancorp operates as a financial holding company for TBK Bank, SSB, which provides banking and trade finance products and services to retail customers and small and medium-sized businesses in the United States. The company operates in the banking, factoring and corporate sectors. It offers deposit products, including checking, savings and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans for the purchase of capital goods and loans to businesses for working capital and operational purposes. The company also provides asset loans, equipment loans and premium loans; real estate loans for financing commercial properties; factoring services to the transport and non-transport sectors; agricultural loans; loans for commercial construction, land and land use planning; warehouse mortgages; residential real estate loans; and consumer credit. In addition, it offers debit cards; electronic banking, trust and cash management services; and insurance brokerage services. As of December 31, 2019, the company operated through a network of 10 branches in the Quad Cities metropolitan area of Iowa and Illinois; 8 branches in central and northwestern Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 30 branches in Colorado; 2 branches in the far west of Kansas; and 3 loan production offices in Colorado and 1 loan production office in Missouri, as well as an additional branch limited to deposit collection activities in Dallas, Texas. Triumph Bancorp is headquartered in Dallas, Texas.
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