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Triumph Bancorp downgraded to Underweight at Wells Fargo on valuation » 06:30
06/02/20
06/02
06:30
06/02/20
06:30
TBK

Triumph Bancorp

$24.37 /

-0.14 (-0.57%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded Triumph Bancorp to Underweight from Equal Weight with a $20 price target. Shaw believes the current premium valuation underestimates the risks from credit, growth and rates. While Triumph has done a good job of innovating and looking for new avenues of business growth, such as with TriumphPay, Shaw contends that the bank is still challenged by weaker macroeconomic factors surrounding the freight market, as well as still struggling to improve long-term funding channels, all while working under tighter capital constraints.

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TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

06/02/20 Wells Fargo
Triumph Bancorp downgraded to Underweight from Equal Weight at Wells Fargo
04/22/20 Piper Sandler
Triumph Bancorp downgraded to Neutral from Overweight at Piper Sandler
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

Downgrade
Triumph Bancorp downgraded to Underweight from Equal Weight at Wells Fargo » 04:47
06/02/20
06/02
04:47
06/02/20
04:47
TBK

Triumph Bancorp

$24.37 /

-0.14 (-0.57%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded Triumph Bancorp to Underweight from Equal Weight with a $20 price target.

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TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

04/22/20 Piper Sandler
Triumph Bancorp downgraded to Neutral from Overweight at Piper Sandler
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
TBK Triumph Bancorp
$24.37 /

-0.14 (-0.57%)

Over a month ago
Downgrade
Triumph Bancorp downgraded to Neutral from Overweight at Piper Sandler » 06:06
04/22/20
04/22
06:06
04/22/20
06:06
TBK

Triumph Bancorp

$24.45 /

-0.48 (-1.93%)

Piper Sandler analyst…

Piper Sandler analyst Brad Milsaps downgraded Triumph Bancorp to Neutral from Overweight with a price target of $25, down from $27. The analyst finds the shares fairly valued and no longer sees sufficient near-term upside for an Overweight rating.

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TBK Triumph Bancorp
$24.45 /

-0.48 (-1.93%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Earnings
Triumph Bancorp reports Q1 EPS (18c), consensus 28c » 16:10
04/20/20
04/20
16:10
04/20/20
16:10
TBK

Triumph Bancorp

$24.84 /

-0.71 (-2.78%)

On January 1, we adopted…

On January 1, we adopted Accounting Standard Update 2016-13, "Financial Instruments Measurement of Credit Losses on Financial Instruments," commonly referred to as the Current Expected Credit Losses (model. For the quarter ended March 31, 2020, we recorded $20.3 million of total credit loss expense. $17.4 million of this is recorded as credit loss expense related to our loan portfolio summarized as follows: Significant deterioration in our macroeconomic forecasts to reflect expected economic impact of COVID-19 resulted in approximately $10.5 million of credit loss expense.$3.0 million of credit loss expense is due to net loan growth of $126.0 million and changes in the mix of our total loan portfolio. Net charge offs were $1.5 million and the change in specific reserves was $2.3 million. The adoption of CECL on January 1, 2020, increased the ACL by $0.3 million. We earned non-interest income for the quarter ended March 31, 2020 of $7.5 million compared to $8.7 million for the quarter ended December 31, 2019.

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TBK Triumph Bancorp
$24.84 /

-0.71 (-2.78%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Conference/Events
Triumph Bancorp participates in a conference call hosted by B. Riley FBR » 04:55
03/30/20
03/30
04:55
03/30/20
04:55
TBK

Triumph Bancorp

$25.06 /

-0.49 (-1.92%)

Conference call with…

Conference call with management to be held on March 30 hostd by B. Riley FBR.

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TBK Triumph Bancorp
$25.06 /

-0.49 (-1.92%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Conference/Events
Triumph Bancorp participates in a conference call hosted by B. Riley FBR » 12:36
03/27/20
03/27
12:36
03/27/20
12:36
TBK

Triumph Bancorp

$24.38 /

-1.17 (-4.58%)

Conference call with…

Conference call with management to be held on March 30 hostd by B. Riley FBR.

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TBK Triumph Bancorp
$24.38 /

-1.17 (-4.58%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Hot Stocks
Triumph Bancorp nominates Debra Bradford, Laura Easly to board of directors » 07:57
03/26/20
03/26
07:57
03/26/20
07:57
TBK

Triumph Bancorp

$24.09 /

+1.59 (+7.07%)

Triumph Bancorp announced…

Triumph Bancorp announced that Debra Bradford, president and chief financial officer of First American Payment Systems, and Laura Easley, retired chief operating officer of Transportation Insight, have been nominated for election to the Company's Board of Directors at its upcoming Annual Meeting of Stockholders to be held on May 7, 2020. It is anticipated that Bradford will serve on the board's audit committee and Easley will serve on the board's nominating corporate governance and risk management committees. Justin Trail and Robert Dobrient, each of whom has served on the Company's Board of Directors since 2010, will cease their service on the Board as of the date of the Company's Annual Meeting on May 7, 2020.

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TBK Triumph Bancorp
$24.09 /

+1.59 (+7.07%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Conference/Events
Triumph Bancorp participates in a conference call with Stephens » 10:55
03/17/20
03/17
10:55
03/17/20
10:55
TBK

Triumph Bancorp

$19.63 /

+0.27 (+1.39%)

Conference call with CEO…

Conference call with CEO Graft will be held on March 17 at 11:30 am hosted by Stephens.

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TBK Triumph Bancorp
$19.63 /

+0.27 (+1.39%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Conference/Events
Triumph Bancorp participates in a conference call with Stephens » 08:35
03/17/20
03/17
08:35
03/17/20
08:35
TBK

Triumph Bancorp

$19.36 /

-3.49 (-15.27%)

Conference call with CEO…

Conference call with CEO Graft will be held on March 17 at 11:30 am hosted by Stephens.

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TBK Triumph Bancorp
$19.36 /

-3.49 (-15.27%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens
03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
Upgrade
Triumph Bancorp upgraded to Overweight with $33 price target at Stephens » 06:55
03/17/20
03/17
06:55
03/17/20
06:55
TBK

Triumph Bancorp

$19.36 /

-3.49 (-15.27%)

As previously reported,…

As previously reported, Stephens analyst Matt Olney upgraded Triumph Bancorp to Overweight from Equal Weight with a price target of $33, up from $28. The company is in the early innings of a considerable shift in business model that should drive peer-leading profitability with a reduced risk profile, Olney tells investors. Additionally, the TriumphPay B2B payments platform represents $9 per share of value if it achieves its 2022 goals, but he estimates that is currently receiving no market value, Olney said.

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TBK Triumph Bancorp
$19.36 /

-3.49 (-15.27%)

03/17/20 Stephens
Triumph Bancorp upgraded to Overweight from Equal Weight at Stephens
03/09/20 B. Riley FBR
Triumph downgraded to Neutral on trucking exposure at B. Riley FBR
03/09/20 B. Riley FBR
Triumph Bancorp downgraded to Neutral from Buy at B. Riley FBR
02/10/20 DA Davidson
Triumph Bancorp downgraded to Neutral from Buy at DA Davidson

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