What happened Shares of Triumph Bancorp (NASDAQ: TBK), a nearly $6 billion asset bank based in Dallas, Texas, traded more than 11% higher in the late morning Monday after an analyst upgraded its stock. So what Analysts at B. Riley Financial upgraded Triumph from a neutral rating to a buy rating today. Analysts at B. Riley also increased their price target from $85 per share to $110 per share, giving the stock potential upside of 34.7%. Image source: Getty Images. Other analysts have also been jumping on the bull train lately. Raymond James recently upgraded the stock and raised its price target to $111 per share, while Wells Fargo increased its price target from $42 per share to $73 per share. Now what Triumph Bancorp was one of the top-performing bank stocks in 2020, actually growing its earnings from 2019, which was rare in the industry. The bank did benefit from the mortgage boom, but is also a specialized lender in the transportation industry. Triumph offers a lending product called factoring, which provides working capital to businesses by essentially using customer invoices as collateral. This specialized financial product comes with attractive returns. Currently trading close to $91 per share, Triumph trades at an extremely high valuation of roughly 460% of tangible book value. But being in this niche lending business, it has an advantage over other banks, which is why I still like the company and agree with analysts. 10 stocks we like better than Triumph BancorpWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Triumph Bancorp wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source