Triumph Bancorp (TBK) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Triumph Bancorp (NASDAQ:TBK) from a buy rating to a hold rating in a report published on Saturday morning.

A number of other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods set a $38.00 target price on Triumph Bancorp and gave the company a buy rating in a research note on Friday, December 22nd. Zacks Investment Research raised Triumph Bancorp from a hold rating to a strong-buy rating and set a $41.00 target price on the stock in a research note on Saturday, January 13th. B. Riley raised Triumph Bancorp from a neutral rating to a buy rating and upped their target price for the company from $38.00 to $42.00 in a research note on Tuesday, January 23rd. BidaskClub lowered Triumph Bancorp from a sell rating to a strong sell rating in a research note on Saturday, December 30th. Finally, Piper Jaffray raised Triumph Bancorp from a neutral rating to an overweight rating in a research note on Tuesday, January 23rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Triumph Bancorp currently has a consensus rating of Buy and an average price target of $39.56.

How to Become a New Pot Stock Millionaire

TBK opened at $39.30 on Friday. Triumph Bancorp has a 1-year low of $20.50 and a 1-year high of $44.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $820.54, a P/E ratio of 25.03, a PEG ratio of 1.33 and a beta of 0.92.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. The firm had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. equities research analysts forecast that Triumph Bancorp will post 2.69 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. TIAA CREF Investment Management LLC raised its position in shares of Triumph Bancorp by 1.9% in the 4th quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock worth $2,256,000 after buying an additional 1,360 shares during the period. American International Group Inc. raised its position in shares of Triumph Bancorp by 14.7% in the 4th quarter. American International Group Inc. now owns 11,804 shares of the financial services provider’s stock worth $372,000 after buying an additional 1,512 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Triumph Bancorp by 14.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 16,090 shares of the financial services provider’s stock worth $507,000 after buying an additional 2,036 shares during the period. Two Sigma Advisers LP raised its position in shares of Triumph Bancorp by 4.5% in the 4th quarter. Two Sigma Advisers LP now owns 57,714 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 2,500 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Triumph Bancorp by 5.3% in the 4th quarter. Teachers Advisors LLC now owns 63,187 shares of the financial services provider’s stock worth $1,990,000 after buying an additional 3,155 shares during the period. 62.97% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/04/10/triumph-bancorp-tbk-rating-lowered-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply