Triumph Bancorp, Inc. (TBK) Given Consensus Rating of “Hold” by Analysts

Triumph Bancorp, Inc. (NASDAQ:TBK) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $34.83.

A number of analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $36.00 price target on shares of Triumph Bancorp in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. FBR & Co restated a “hold” rating and set a $32.00 target price on shares of Triumph Bancorp in a research report on Monday, October 23rd. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies lowered shares of Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 target price for the company. in a research report on Friday, October 6th.

In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was bought at an average cost of $29.77 per share, for a total transaction of $163,854.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 6,504 shares of company stock valued at $195,094 over the last 90 days. 12.35% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Triumph Bancorp by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,336 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 428 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Triumph Bancorp by 5.0% during the second quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 594 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Triumph Bancorp by 24.3% during the second quarter. New York State Common Retirement Fund now owns 16,900 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 3,299 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Triumph Bancorp by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 87,247 shares of the financial services provider’s stock valued at $2,814,000 after purchasing an additional 3,332 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Triumph Bancorp by 312.0% during the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 3,953 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Triumph Bancorp (NASDAQ:TBK) opened at $32.55 on Monday. Triumph Bancorp has a 12 month low of $20.50 and a 12 month high of $35.45. The company has a market cap of $677.72, a P/E ratio of 17.50, a PEG ratio of 1.38 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.

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

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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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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