Triumph Bancorp (TBK) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. FBR & Co reiterated a neutral rating and set a $32.00 price objective (up previously from $29.00) on shares of Triumph Bancorp in a report on Tuesday, October 10th. Keefe, Bruyette & Woods set a $38.00 price objective on Triumph Bancorp and gave the company a buy rating in a report on Friday, December 22nd. Zacks Investment Research cut Triumph Bancorp from a buy rating to a hold rating in a report on Wednesday, October 25th. DA Davidson reiterated a buy rating and set a $36.00 price objective on shares of Triumph Bancorp in a report on Friday, October 20th. Finally, Piper Jaffray Companies reiterated a hold rating and set a $35.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $35.86.

Triumph Bancorp (TBK) traded down $0.22 during trading hours on Wednesday, hitting $34.88. The stock had a trading volume of 72,153 shares, compared to its average volume of 114,696. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week 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. The company has a market cap of $726.13, a PE ratio of 18.75, a PEG ratio of 1.38 and a beta of 0.81.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a return on equity of 11.36% and a net margin of 22.39%. The business had revenue of $43.68 million for the quarter, compared to analysts’ expectations of $44.66 million. equities analysts anticipate that Triumph Bancorp will post 1.47 earnings per share for the current year.

In other news, Director Maribess L. Miller bought 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $163,854.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 6,504 shares of company stock worth $195,094 in the last 90 days. Company insiders own 12.35% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBK. Schwab Charles Investment Management Inc. increased its position in shares of Triumph Bancorp by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,198 shares of the financial services provider’s stock worth $2,401,000 after purchasing an additional 3,432 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Triumph Bancorp during the 3rd quarter worth approximately $821,000. Public Employees Retirement System of Ohio acquired a new position in shares of Triumph Bancorp during the 3rd quarter worth approximately $575,000. Cubist Systematic Strategies LLC acquired a new position in shares of Triumph Bancorp during the 3rd quarter worth approximately $261,000. Finally, Allianz Asset Management GmbH increased its position in shares of Triumph Bancorp by 21.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 44,459 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 7,866 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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