Zacks: Triumph Bancorp Inc. (NASDAQ:TBK) Receives Average Rating of “Buy” from Analysts
Shares of Triumph Bancorp Inc. (NASDAQ:TBK) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 1 year consensus price target of $19.00 for the company and are anticipating that the company will post $0.29 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triumph Bancorp an industry rank of 105 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Triumph Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 2nd.
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In related news, Director Michael P. Rafferty purchased 1,593 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of $17.15 per share, with a total value of $27,319.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.84% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TBK. Wedge Capital Management L L P NC acquired a new stake in Triumph Bancorp during the second quarter valued at $550,000. Basswood Capital Management L.L.C. raised its stake in Triumph Bancorp by 10.2% in the second quarter. Basswood Capital Management L.L.C. now owns 830,997 shares of the company’s stock valued at $13,296,000 after buying an additional 77,176 shares during the last quarter. Bridgeway Capital Management Inc. raised its stake in Triumph Bancorp by 0.6% in the second quarter. Bridgeway Capital Management Inc. now owns 31,800 shares of the company’s stock valued at $509,000 after buying an additional 200 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Triumph Bancorp by 36.5% in the second quarter. Parametric Portfolio Associates LLC now owns 13,823 shares of the company’s stock valued at $221,000 after buying an additional 3,697 shares during the last quarter. Finally, State Street Corp raised its stake in Triumph Bancorp by 35.1% in the second quarter. State Street Corp now owns 218,223 shares of the company’s stock valued at $3,492,000 after buying an additional 56,684 shares during the last quarter. 39.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Triumph Bancorp (NASDAQ:TBK) traded down 0.26% on Tuesday, reaching $19.30. 6,742 shares of the company’s stock traded hands. The stock has a market capitalization of $349.47 million, a PE ratio of 18.00 and a beta of 0.50. Triumph Bancorp has a 52 week low of $12.63 and a 52 week high of $19.69. The company has a 50 day moving average of $18.41 and a 200-day moving average of $16.64.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. Triumph Bancorp had a net margin of 15.82% and a return on equity of 6.52%. Equities research analysts forecast that Triumph Bancorp will post $1.21 earnings per share for the current year.
Triumph Bancorp Company Profile
Triumph Bancorp, Inc is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.
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