Triumph Bancorp (NASDAQ:TBK) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a sell rating to a hold rating in a report issued on Wednesday morning, BidAskClub reports.

Several other analysts also recently issued reports on TBK. Zacks Investment Research raised Triumph Bancorp from a sell rating to a hold rating in a research note on Tuesday, September 3rd. Stephens reissued a hold rating and issued a $32.00 price target on shares of Triumph Bancorp in a research note on Friday, July 19th. Finally, ValuEngine upgraded Triumph Bancorp from a sell rating to a hold rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Triumph Bancorp currently has an average rating of Hold and a consensus target price of $35.67.

TBK opened at $32.27 on Wednesday. The business’s 50-day moving average price is $30.11 and its two-hundred day moving average price is $29.96. Triumph Bancorp has a 1 year low of $27.21 and a 1 year high of $42.75. The company has a market capitalization of $845.67 million, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.46 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.00 and a quick ratio of 1.00.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Triumph Bancorp had a return on equity of 9.36% and a net margin of 16.79%. The firm had revenue of $71.04 million for the quarter, compared to the consensus estimate of $70.02 million. During the same quarter last year, the business posted $0.50 EPS. Sell-side analysts anticipate that Triumph Bancorp will post 2.23 earnings per share for the current fiscal year.

In related news, Director Michael P. Rafferty acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $27.94 per share, for a total transaction of $27,940.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 8.54% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TBK. Bank of Montreal Can grew its holdings in shares of Triumph Bancorp by 49.3% in the 1st quarter. Bank of Montreal Can now owns 1,372 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 453 shares in the last quarter. Aperio Group LLC bought a new position in Triumph Bancorp during the second quarter worth about $45,000. NEXT Financial Group Inc grew its holdings in Triumph Bancorp by 3,023.7% during the second quarter. NEXT Financial Group Inc now owns 1,843 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,784 shares during the period. Tower Research Capital LLC TRC grew its holdings in Triumph Bancorp by 1,389.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,951 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,820 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Triumph Bancorp by 85,800.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,154 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 5,148 shares during the period. Institutional investors own 75.54% of the company’s stock.

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.

See Also: Fundamental Analysis

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