Keefe, Bruyette & Woods Analysts Give Triumph Bancorp (TBK) a $38.00 Price Target

Triumph Bancorp (NASDAQ:TBK) has been given a $38.00 target price by analysts at Keefe, Bruyette & Woods in a report issued on Friday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 17.10% from the company’s previous close.

TBK has been the subject of a number of other reports. DA Davidson reissued a “buy” rating and issued a $36.00 price objective 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 report on Wednesday, October 25th. FBR & Co restated a “hold” rating and issued a $32.00 target price on shares of Triumph Bancorp in a report on Monday, October 23rd. BidaskClub lowered shares of Triumph Bancorp from a “hold” rating to a “sell” rating in a 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 report on Friday, October 6th. One equities research 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.86.

Shares of Triumph Bancorp (NASDAQ TBK) remained flat at $$32.45 during trading hours on Friday. The company’s stock had a trading volume of 53,500 shares, compared to its average volume of 93,354. Triumph Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $35.45. The firm has a market capitalization of $675.64, a PE ratio of 17.45, a PEG ratio of 2.01 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data 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 business had revenue of $43.68 million during the quarter, compared to analysts’ expectations of $44.66 million. analysts forecast that Triumph Bancorp will post 1.47 earnings per share for the current year.

In other news, Director Maribess L. Miller bought 5,504 shares of the stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $163,854.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought a total of 6,504 shares of company stock valued at $195,094 in the last 90 days. Company insiders own 12.35% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TBK. Bank of America Corp DE lifted its holdings in Triumph Bancorp by 17.6% during the 1st quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after buying an additional 641 shares in the last quarter. Citigroup Inc. lifted its holdings in Triumph Bancorp by 312.0% during the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,953 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Triumph Bancorp during the 3rd quarter valued at about $210,000. Principal Financial Group Inc. bought a new stake in Triumph Bancorp during the 2nd quarter valued at about $218,000. Finally, California Public Employees Retirement System bought a new stake in Triumph Bancorp during the 1st quarter valued at about $219,000. Institutional investors own 61.32% of the company’s stock.

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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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