Triumph Bancorp, Inc. (NASDAQ:TBK) Receives Average Rating of “Buy” from Analysts

Shares of Triumph Bancorp, Inc. (NASDAQ:TBK) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.00.

Several research firms have weighed in on TBK. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $33.00 target price on shares of Triumph Bancorp in a report on Wednesday. Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Friday, July 21st. FBR & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price objective on the stock. in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Tuesday, July 11th. Finally, Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Friday, May 26th.

Shares of Triumph Bancorp (TBK) traded down 0.54% during midday trading on Monday, reaching $27.40. The company’s stock had a trading volume of 88,430 shares. The firm’s 50 day moving average is $26.40 and its 200 day moving average is $25.14. The firm has a market capitalization of $493.99 million, a price-to-earnings ratio of 16.46 and a beta of 0.78. Triumph Bancorp has a 52 week low of $17.52 and a 52 week high of $29.25.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. The firm had revenue of $43.76 million for the quarter, compared to analysts’ expectations of $39.38 million. Equities analysts forecast that Triumph Bancorp will post $1.94 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Hodges Capital Management Inc. increased its stake in shares of Triumph Bancorp by 4.7% in the first quarter. Hodges Capital Management Inc. now owns 132,450 shares of the financial services provider’s stock valued at $3,417,000 after buying an additional 5,950 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock valued at $241,000 after buying an additional 1,326 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Triumph Bancorp by 9.9% in the first quarter. Bank of New York Mellon Corp now owns 75,797 shares of the financial services provider’s stock valued at $1,955,000 after buying an additional 6,806 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Triumph Bancorp during the first quarter valued at approximately $492,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Triumph Bancorp by 5.6% in the first quarter. Wedge Capital Management L L P NC now owns 34,100 shares of the financial services provider’s stock valued at $880,000 after buying an additional 1,800 shares during the period. 45.83% of the stock is 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.

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