Triumph Bancorp, Inc. (NASDAQ:TBK)‘s stock had its “buy” rating reiterated by investment analysts at DA Davidson in a report released on Friday. They currently have a $36.00 price objective on the financial services provider’s stock. DA Davidson’s price objective indicates a potential upside of 14.83% from the company’s previous close.
A number of other equities research analysts have also weighed in on TBK. BidaskClub lowered shares of Triumph Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $33.00 target price on shares of Triumph Bancorp in a research note on Wednesday, August 9th. FBR & Co reaffirmed a “neutral” rating and set a $32.00 target price (up previously from $29.00) on shares of Triumph Bancorp in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday, September 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Triumph Bancorp in a research note on Monday, August 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $34.14.
Shares of Triumph Bancorp (TBK) traded up 3.19% during mid-day trading on Friday, reaching $32.35. 65,016 shares of the company’s stock were exchanged. The stock has a market cap of $583.24 million, a PE ratio of 19.43 and a beta of 0.83. The company has a 50 day moving average price of $30.61 and a 200-day moving average price of $26.23. Triumph Bancorp has a one year low of $18.36 and a one year high of $32.60.
Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $43.68 million for the quarter, compared to analyst estimates of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 9.03%. On average, analysts predict that Triumph Bancorp will post $1.92 EPS for the current year.
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In other Triumph Bancorp news, Director Charles A. Anderson acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $27.66 per share, with a total value of $55,320.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.35% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in Triumph Bancorp by 17.6% during the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 641 shares in the last quarter. Citigroup Inc. boosted its stake in Triumph Bancorp by 312.0% during the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 3,953 shares in the last quarter. California Public Employees Retirement System bought a new stake in Triumph Bancorp during the first quarter worth about $219,000. Principal Financial Group Inc. bought a new stake in Triumph Bancorp during the second quarter worth about $218,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Triumph Bancorp by 16.5% during the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,326 shares in the last quarter. 46.10% of the stock is currently 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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