Triumph Bancorp (TBK) Receives “Buy” Rating from Keefe, Bruyette & Woods
Triumph Bancorp (NASDAQ:TBK)‘s stock had its “buy” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a report released on Thursday. They presently have a $37.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 15.44% from the stock’s current price.
A number of other research analysts have also commented on TBK. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday. FBR & Co restated a “neutral” rating and set a $32.00 target price (up previously from $29.00) on shares of Triumph Bancorp in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Thursday, September 28th. Piper Jaffray Companies lowered shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Friday, October 6th. Finally, Stephens restated an “overweight” rating and set a $34.00 target price on shares of Triumph Bancorp in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $34.71.
Triumph Bancorp (TBK) traded down $0.35 during trading on Thursday, hitting $32.05. 84,400 shares of the stock traded hands, compared to its average volume of 91,790. The firm has a market cap of $657.42, a price-to-earnings ratio of 24.36, a PEG ratio of 2.01 and a beta of 0.81. Triumph Bancorp has a one year low of $20.50 and a one year high of $35.45. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.
In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average price of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders purchased 6,504 shares of company stock valued at $195,094. 12.35% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in 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 worth $423,000 after purchasing an additional 6,449 shares during the period. Schwab Charles Investment Management Inc. lifted 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 in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Triumph Bancorp in the second quarter valued at $495,000. Vanguard Group Inc. lifted its stake in shares of Triumph Bancorp by 3.0% in the second quarter. Vanguard Group Inc. now owns 669,265 shares of the financial services provider’s stock valued at $16,431,000 after buying an additional 19,502 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in shares of Triumph Bancorp in the third quarter valued at $461,000. Institutional investors own 61.32% of the company’s stock.
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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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