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.

ILLEGAL ACTIVITY WARNING: “Triumph Bancorp’s (TBK) “Hold” Rating Reiterated at FBR & Co” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/23/triumph-bancorps-tbk-hold-rating-reiterated-at-fbr-co.html.

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.

Analyst Recommendations for Triumph Bancorp (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.