Triumph Bancorp (TBK) Upgraded at BidaskClub

Triumph Bancorp (NASDAQ:TBK) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other equities research analysts have also commented on the stock. Sandler O’Neill restated a “buy” rating and set a $41.00 price objective on shares of Triumph Bancorp in a report on Tuesday, January 23rd. B. Riley upgraded shares of Triumph Bancorp from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.00 to $42.00 in a research note on Tuesday, January 23rd. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research note on Saturday, January 13th. Finally, Keefe, Bruyette & Woods set a $38.00 price target on shares of Triumph Bancorp and gave the company a “buy” rating in a research note on Friday, December 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Triumph Bancorp currently has a consensus rating of “Buy” and a consensus target price of $37.11.

Shares of Triumph Bancorp (NASDAQ:TBK) opened at $37.70 on Wednesday. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $39.83. 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 company has a market cap of $798.46, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.31 and a beta of 1.04.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.81%. The business had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. analysts predict that Triumph Bancorp will post 2.66 EPS for the current year.

In other Triumph Bancorp news, Director Maribess L. Miller purchased 5,504 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased 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 SEC, which is available at this hyperlink. 12.35% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of Triumph Bancorp by 0.6% in the 2nd quarter. First Trust Advisors LP now owns 25,831 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 157 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Triumph Bancorp by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,336 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 428 shares during the period. EAM Investors LLC grew its position in shares of Triumph Bancorp by 0.4% in the 4th quarter. EAM Investors LLC now owns 112,958 shares of the financial services provider’s stock valued at $1,864,000 after acquiring an additional 444 shares during the period. Wells Fargo & Company MN grew its position in shares of Triumph Bancorp by 5.0% in the 2nd quarter. Wells Fargo & Company MN now owns 12,551 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 594 shares during the period. Finally, American International Group Inc. grew its position in shares of Triumph Bancorp by 7.0% in the 1st quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 624 shares during the period. 60.73% of the stock is owned by institutional investors.

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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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