Triumph Bancorp (NASDAQ:TBK) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a sell rating to a hold rating in a research note published on Friday morning, ValuEngine reports.

A number of other equities analysts have also commented on TBK. B. Riley set a $33.00 price target on Triumph Bancorp and gave the company a buy rating in a research note on Monday, April 22nd. Piper Jaffray Companies set a $15.00 price target on BioCryst Pharmaceuticals and gave the company a buy rating in a research note on Monday, April 22nd. BidaskClub raised WhiteHorse Finance from a sell rating to a hold rating in a research note on Thursday, July 18th. Stephens reissued a hold rating and set a $32.00 price target on shares of Triumph Bancorp in a research note on Friday. Finally, Zacks Investment Research raised Vistra Energy from a hold rating to a buy rating and set a $25.00 price target for the company in a research note on Saturday, July 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Triumph Bancorp has an average rating of Hold and an average price target of $41.60.

Shares of Triumph Bancorp stock opened at $30.29 on Friday. The company’s 50 day moving average price is $28.90. Triumph Bancorp has a 12 month low of $27.21 and a 12 month high of $44.70. The company has a market capitalization of $809.98 million, a price-to-earnings ratio of 13.71, a PEG ratio of 1.32 and a beta of 1.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.00 and a current ratio of 1.00.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The company had revenue of $71.04 million during the quarter, compared to analyst estimates of $70.02 million. During the same period in the prior year, the company earned $0.50 earnings per share. On average, sell-side analysts predict that Triumph Bancorp will post 2.3 earnings per share for the current year.

In related news, Director Carlos M. Sepulveda acquired 3,500 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $27.71 per share, with a total value of $96,985.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justin N. Trail acquired 3,228 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $31.11 per share, with a total value of $100,423.08. Following the completion of the purchase, the director now directly owns 69,406 shares in the company, valued at $2,159,220.66. The disclosure for this purchase can be found here. Insiders bought a total of 9,228 shares of company stock valued at $270,043 over the last ninety days. Corporate insiders own 8.54% of the company’s stock.

Several large investors have recently bought and sold shares of TBK. PNC Financial Services Group Inc. increased its position in Triumph Bancorp by 476.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 887 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 733 shares in the last quarter. BlackRock Inc. increased its position in Triumph Bancorp by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock valued at $106,588,000 after acquiring an additional 83,458 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Triumph Bancorp by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 15,822 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 617 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Triumph Bancorp by 4.8% in the 4th quarter. Raymond James & Associates now owns 10,239 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 472 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Triumph Bancorp by 84.0% in the 4th quarter. Advisor Group Inc. now owns 918 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. 78.60% of the stock is owned by institutional investors and hedge funds.

About Triumph Bancorp

Triumph Bancorp, Inc operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes.

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Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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