FBR & Co reiterated their neutral rating on shares of Triumph Bancorp, Inc. (NASDAQ:TBK) in a report released on Tuesday. They currently have a $32.00 target price on the financial services provider’s stock, up from their prior target price of $29.00.
Several other equities analysts have also recently weighed in on the stock. Piper Jaffray Companies cut shares of Triumph Bancorp from an overweight rating to a neutral rating and set a $34.00 price target for the company. in a research note on Friday, October 6th. BidaskClub raised shares of Triumph Bancorp from a buy rating to a strong-buy rating in a research note on Saturday, September 30th. Zacks Investment Research raised shares of Triumph Bancorp from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Thursday, September 28th. Stephens reaffirmed an overweight rating and set a $34.00 price target on shares of Triumph Bancorp in a research note on Monday, August 21st. Finally, Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $33.00 price target on shares of Triumph Bancorp in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $32.29.
Triumph Bancorp (TBK) traded down 0.46% during mid-day trading on Tuesday, reaching $32.25. 6,489 shares of the company’s stock traded hands. Triumph Bancorp has a 1-year low of $18.36 and a 1-year high of $32.60. The stock has a market cap of $581.44 million, a P/E ratio of 19.37 and a beta of 0.83. The firm has a 50-day moving average price of $29.81 and a 200-day moving average price of $25.95.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $43.76 million for the quarter, compared to the consensus estimate of $39.38 million. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. Equities research analysts anticipate that Triumph Bancorp will post $1.92 EPS for the current fiscal year.
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In other Triumph Bancorp news, Director Charles A. Anderson purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $27.66 per share, with a total value of $55,320.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 12.35% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in TBK. Wellington Management Group LLP grew its stake in shares of Triumph Bancorp by 889.6% in the first quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock valued at $27,652,000 after buying an additional 963,465 shares in the last quarter. Kennedy Capital Management Inc. bought a new position in shares of Triumph Bancorp in the second quarter valued at $3,102,000. Dimensional Fund Advisors LP grew its stake in shares of Triumph Bancorp by 85.9% in the second quarter. Dimensional Fund Advisors LP now owns 210,010 shares of the financial services provider’s stock valued at $5,156,000 after buying an additional 97,051 shares in the last quarter. Banc Funds Co. LLC grew its stake in shares of Triumph Bancorp by 46.7% in the second quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock valued at $7,323,000 after buying an additional 95,000 shares in the last quarter. Finally, LSV Asset Management bought a new position in shares of Triumph Bancorp in the second quarter valued at $2,267,000. 46.10% of the stock is owned by institutional investors and hedge funds.
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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