Triumph Bancorp’s (TBK) “Hold” Rating Reiterated at FBR & Co
Triumph Bancorp, Inc. (NASDAQ:TBK)‘s stock had its “hold” rating reissued by analysts at FBR & Co in a research report issued to clients and investors on Monday. They currently have a $32.00 price objective on the financial services provider’s stock. FBR & Co’s price target points to a potential upside of 0.16% from the company’s current price.
TBK has been the subject of several other research reports. DA Davidson reiterated a “buy” rating and issued a $36.00 target price on shares of Triumph Bancorp in a research note on Friday. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, July 11th. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a research note on Friday, July 21st. Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Triumph Bancorp in a research note on Monday, August 21st. Finally, BidaskClub lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Triumph Bancorp presently has an average rating of “Buy” and an average target price of $34.14.
Shares of Triumph Bancorp (NASDAQ:TBK) traded down 0.47% on Monday, hitting $31.95. 89,244 shares of the stock were exchanged. The stock has a market cap of $576.03 million, a price-to-earnings ratio of 19.19 and a beta of 0.83. Triumph Bancorp has a 1-year low of $18.36 and a 1-year high of $33.00. The stock’s 50-day moving average is $30.72 and its 200-day moving average is $26.28.
Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a net margin of 17.59% and a return on equity of 9.03%. The firm had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. Analysts forecast that Triumph Bancorp will post $1.94 earnings per share for the current year.
In related news, Director Charles A. Anderson purchased 2,000 shares of Triumph Bancorp stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $27.66 per share, for a total transaction of $55,320.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.35% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TBK. Goldman Sachs Group Inc. boosted its position in Triumph Bancorp by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 16,391 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 6,449 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Triumph Bancorp by 2.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 56,208 shares of the financial services provider’s stock worth $1,451,000 after purchasing an additional 1,570 shares during the period. Teachers Advisors LLC boosted its position in Triumph Bancorp by 60.5% during the first quarter. Teachers Advisors LLC now owns 51,319 shares of the financial services provider’s stock worth $1,324,000 after purchasing an additional 19,342 shares during the period. Thrivent Financial For Lutherans bought a new position in Triumph Bancorp during the first quarter worth about $511,000. Finally, Dimensional Fund Advisors LP boosted its position in Triumph Bancorp by 220.9% during the first quarter. Dimensional Fund Advisors LP now owns 112,959 shares of the financial services provider’s stock worth $2,914,000 after purchasing an additional 77,761 shares during the period. Institutional investors own 46.10% of the company’s stock.
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.
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