Triumph Bancorp, Inc. (NASDAQ:TBK) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.00.
Several analysts recently weighed in on the company. BidaskClub cut Triumph Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. FBR & Co reissued a “hold” rating and set a $32.00 price target on shares of Triumph Bancorp in a report on Monday, October 23rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 price target on shares of Triumph Bancorp in a report on Thursday, December 14th. Zacks Investment Research cut Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, DA Davidson reissued a “buy” rating and set a $36.00 price target on shares of Triumph Bancorp in a report on Friday, October 20th.
In related news, Director Maribess L. Miller acquired 5,504 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of $29.77 per share, with a total value of $163,854.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 6,504 shares of company stock valued at $195,094 over the last ninety days. Insiders own 12.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TBK. Hodges Capital Management Inc. raised its holdings in Triumph Bancorp by 160.4% in the 3rd quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock valued at $12,491,000 after acquiring an additional 238,570 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in Triumph Bancorp in the 2nd quarter valued at $3,102,000. Emerald Mutual Fund Advisers Trust raised its holdings in shares of Triumph Bancorp by 252.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 139,610 shares of the financial services provider’s stock worth $4,502,000 after buying an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after buying an additional 99,641 shares in the last quarter. Finally, Banc Funds Co. LLC raised its holdings in shares of Triumph Bancorp by 46.7% during the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock worth $7,323,000 after buying an additional 95,000 shares in the last quarter. 61.32% of the stock is owned by hedge funds and other institutional investors.
Triumph Bancorp (NASDAQ TBK) traded up $1.50 during trading hours on Monday, reaching $35.85. The company had a trading volume of 131,724 shares, compared to its average volume of 127,387. The firm has a market cap of $746.43, a PE ratio of 19.27, a P/E/G ratio of 1.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. Triumph Bancorp has a 1-year low of $20.50 and a 1-year high of $35.85.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. equities research analysts predict that Triumph Bancorp will post 1.47 earnings per share for the current fiscal year.
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Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers traditional banking services, as well as commercial finance products. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Triumph Business Capital with revenue derived from factoring services.
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