Triumph Bancorp Inc. (NASDAQ:TBK) has a beta of 1.21, a 12-month trailing P/E ratio of 15.66, and a growth ratio of 1.31. The stock’s Relative Strength Index (RSI) is 46.15, with weekly volatility at 5.40% and ATR at 1.61. The TBK stock’s 52-week price range has touched low of $19.03 and a $43.15 high. Its shares traded higher over the last trading session, gaining 3.80% on 06/29/20. The shares fell to a low of $22.95 before closing at $23.76. Intraday shares traded counted 0.1 million, which was 36.85% higher than its 30-day average trading volume of 165.95K. TBK’s previous close was $22.89 while the outstanding shares total 24.31M.
Investors have identified the Banks – Regional company Triumph Bancorp Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $596.14 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Triumph Bancorp Inc. (TBK) Fundamentals that are to be considered.
TBK were able to record 10.04 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 10.53 million. In cash movements, the company had a total of 14.1 million as operating cash flow.
Potential earnings growth for Triumph Bancorp Inc. (TBK)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Triumph Bancorp Inc. recorded a total of 75.41 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.85% coming in sequential stages and their sales for the third quarter reducing by -7.63%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 12.91 million trying to sell their products during the last quarter, with the result yielding a gross income of 62.5 million. This allows shareholders to hold on to 24.31M with the revenue now reading -0.18 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.24 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.25 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TBK sounds very interesting.
Is the stock of TBK attractive?
In related news, Director, Davis Richard Loren bought 20,000 shares of the company’s stock in a transaction that recorded on Jun 19. The purchase was performed at an average price of 25.00, for a total value of 500,000. As the purchase deal closes, the Director, Rafferty Michael P now bought 8,000 shares of the company’s stock, valued at 200,000. Also, Director, Rafferty Michael P bought 1,000 shares of the company’s stock in a deal that was recorded on May 13. The shares were cost at an average price of 20.93 per share, with a total market value of 20,930. Following this completion of disposal, the Director, Anderson Charles A now holds 32,000 shares of the company’s stock, valued at 791,680. In the last 6 months, insiders have changed their ownership in shares of company stock by 7.30%.
2 out of 6 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Triumph Bancorp Inc.. 1 analysts has assigned a Sell rating on the TBK stock. The 12-month mean consensus price target for the company’s shares has been set at $26.33.