Shares of Triumph Bancorp (NASDAQ:TBK) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.67.
A number of analysts recently commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $49.00 target price on shares of Triumph Bancorp in a report on Thursday, March 15th. BidaskClub upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 5th. ValuEngine upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Sandler O’Neill reiterated a “buy” rating and issued a $41.00 target price on shares of Triumph Bancorp in a report on Tuesday, January 23rd. Finally, B. Riley upgraded shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $42.00 in a report on Tuesday, January 23rd.
Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its holdings in shares of Triumph Bancorp by 32.0% during the third quarter. Nationwide Fund Advisors now owns 35,649 shares of the financial services provider’s stock valued at $1,150,000 after acquiring an additional 8,642 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Triumph Bancorp by 16,312.2% during the third quarter. Envestnet Asset Management Inc. now owns 16,084 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 15,986 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of Triumph Bancorp during the third quarter valued at approximately $1,213,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Triumph Bancorp during the fourth quarter valued at approximately $795,000. Finally, Banc Funds Co. LLC raised its holdings in shares of Triumph Bancorp by 3.2% during the fourth quarter. Banc Funds Co. LLC now owns 411,100 shares of the financial services provider’s stock valued at $12,950,000 after acquiring an additional 12,800 shares during the period. Institutional investors and hedge funds own 62.97% of the company’s stock.
Shares of TBK stock opened at $40.70 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $44.05. The company has a market cap of $888.23, a P/E ratio of 22.36, a P/E/G ratio of 1.44 and a beta of 0.93.
Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.38%. The business had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million. analysts predict that Triumph Bancorp will post 2.69 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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