Triumph Bancorp found using ticker (TBK) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 68 and 60 calculating the average target price we see 63.67. With the stocks previous close at 49.92 this now indicates there is a potential upside of 27.5%. There is a 50 day moving average of 58.35 and the 200 day moving average is 74.17. The market capitalisation for the company is $1,256m. Visit the company website at: https://www.triumphbancorp.com
The potential market cap would be $1,602m based on the market concensus.
Triumph Bancorp operates as a financial holding company for TBK Bank, SSB that provides various banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through four segments: Banking, Factoring, Payments, and Corporate. 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. The company also provides asset-based, and equipment and premium finance loans; real estate loans to finance commercial properties; to factoring services the transportation and non-transportation sectors; agriculture loans; commercial construction, land, and land development loans; mortgage warehouse loans; residential real estate loans; and consumer loans. In addition, it offers debit cards; electronic banking, trust, and treasury management services; and insurance brokerage services. As of December 31, 2021, the company operated through a network of 10 branches in the Quad Cities Metropolitan Area of Iowa and Illinois; 8 branches in northern and central Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 31 branches in central and eastern Colorado; and 2 branches in far western Kansas, as well as a branch office dedicated to deposit gathering activities in Dallas, Texas. Triumph Bancorp was founded in 1981 and is headquartered in Dallas, Texas.
