Triumph Bancorp (NASDAQ:TBK) posted its earnings results on Monday. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.12), Bloomberg Earnings reports. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%.
Shares of Triumph Bancorp (TBK) opened at $36.00 on Monday. The stock has a market capitalization of $749.55, a PE ratio of 19.35, a PEG ratio of 1.41 and a beta of 0.81. Triumph Bancorp has a 1 year low of $20.50 and a 1 year high of $36.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.01 and a quick ratio of 1.01.
Several research firms have commented on TBK. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Saturday, January 13th. BidaskClub raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Piper Jaffray Companies reissued a “hold” rating and set a $35.00 target price on shares of Triumph Bancorp in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods set a $38.00 target price on shares of Triumph Bancorp and gave the stock a “buy” rating in a research report on Friday, December 22nd. Finally, FBR & Co reissued a “hold” rating and set a $32.00 target price on shares of Triumph Bancorp in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.86.
In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the stock in a transaction dated Wednesday, November 15th. The shares were bought at an average cost of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.35% of the company’s stock.
Large investors have recently modified their holdings of the company. Citigroup Inc. grew its position in shares of Triumph Bancorp by 312.0% in the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 3,953 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in Triumph Bancorp during the third quarter worth about $210,000. First Dallas Securities Inc. acquired a new stake in Triumph Bancorp during the third quarter worth about $221,000. Cubist Systematic Strategies LLC acquired a new stake in Triumph Bancorp during the third quarter worth about $261,000. Finally, Principal Financial Group Inc. acquired a new stake in Triumph Bancorp during the second quarter worth about $218,000. 61.31% of the stock is currently owned by institutional investors.
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About Triumph Bancorp
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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