Triumph Bancorp (NASDAQ:TBK) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

A number of other research firms have also commented on TBK. Piper Jaffray Companies lowered shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Friday, October 6th. FBR & Co restated a “hold” rating and issued a $32.00 price objective on shares of Triumph Bancorp in a research note on Monday, October 23rd. Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Wells Fargo & Company set a $35.00 price objective on shares of Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, DA Davidson restated a “buy” rating and issued a $36.00 price objective on shares of Triumph Bancorp in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $34.14.

Triumph Bancorp (NASDAQ TBK) traded up $0.05 during midday trading on Tuesday, reaching $32.50. 123,500 shares of the company’s stock were exchanged, compared to its average volume of 91,884. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $675.64, a price-to-earnings ratio of 24.40, a PEG ratio of 2.01 and a beta of 0.82. Triumph Bancorp has a one year low of $20.50 and a one year high of $35.45.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $43.68 million for the quarter, compared to analyst estimates of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. research analysts anticipate that Triumph Bancorp will post 1.47 EPS for the current year.

In other news, Director Maribess L. Miller bought 5,504 shares of the stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average price of $29.77 per share, with a total value of $163,854.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders bought 6,504 shares of company stock worth $195,094. Insiders own 12.35% of the company’s stock.

Several large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 6,449 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings 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 buying an additional 1,570 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Triumph Bancorp during the second quarter worth about $495,000. Vanguard Group Inc. boosted its holdings in Triumph Bancorp by 3.0% during the second quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock worth $16,431,000 after buying an additional 19,502 shares in the last quarter. Finally, First Quadrant L P CA purchased a new stake in Triumph Bancorp during the third quarter worth about $461,000. 61.32% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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