Triumph Bancorp Inc (NASDAQ:TBK) was upgraded by analysts at TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also recently weighed in on the company. Piper Jaffray Companies cut Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Monday, April 24th. Zacks Investment Research cut Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, April 15th. FBR & Co reiterated an “outperform” rating and set a $30.00 price target on shares of Triumph Bancorp in a research report on Friday, March 24th. Finally, DA Davidson assumed coverage on Triumph Bancorp in a research report on Tuesday, March 21st. They set a “buy” rating and a $31.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Triumph Bancorp has a consensus rating of “Hold” and a consensus price target of $26.50.

Triumph Bancorp (NASDAQ:TBK) traded up 1.19% during midday trading on Wednesday, reaching $21.30. 31,799 shares of the company traded hands. Triumph Bancorp has a 1-year low of $15.18 and a 1-year high of $27.95. The stock has a market capitalization of $382.65 million, a P/E ratio of 15.29 and a beta of 0.80. The firm has a 50-day moving average of $23.13 and a 200-day moving average of $24.28.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.34. The company had revenue of $59.10 million for the quarter, compared to analysts’ expectations of $39.48 million. Triumph Bancorp had a net margin of 14.23% and a return on equity of 8.14%. On average, analysts predict that Triumph Bancorp will post $1.60 earnings per share for the current year.

WARNING: This article was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/05/19/triumph-bancorp-inc-tbk-upgraded-by-thestreet-to-b.html.

In other Triumph Bancorp news, Director Charles A. Anderson acquired 4,500 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was acquired at an average cost of $22.46 per share, for a total transaction of $101,070.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maribess L. Miller acquired 4,546 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was acquired at an average price of $21.99 per share, with a total value of $99,966.54. Following the completion of the transaction, the director now directly owns 12,903 shares of the company’s stock, valued at $283,736.97. The disclosure for this purchase can be found here. Insiders bought 11,651 shares of company stock valued at $258,011 over the last 90 days. Company insiders own 9.84% of the company’s stock.

Several hedge funds have recently bought and sold shares of TBK. Goldman Sachs Group Inc. boosted its stake in shares of Triumph Bancorp by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 16,391 shares of the financial services provider’s stock valued at $423,000 after buying an additional 6,449 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Triumph Bancorp by 2.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 56,208 shares of the financial services provider’s stock valued at $1,451,000 after buying an additional 1,570 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Triumph Bancorp by 44.0% in the first quarter. Renaissance Technologies LLC now owns 151,812 shares of the financial services provider’s stock valued at $3,917,000 after buying an additional 46,412 shares during the last quarter. Finally, RMB Capital Management LLC boosted its stake in shares of Triumph Bancorp by 24.7% in the first quarter. RMB Capital Management LLC now owns 506,437 shares of the financial services provider’s stock valued at $13,066,000 after buying an additional 100,233 shares during the last quarter. Institutional investors and hedge funds own 44.67% of the company’s stock.

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.

5 Day Chart for NASDAQ:TBK

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