BidaskClub Upgrades Triumph Bancorp (TBK) to Hold

BidaskClub upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a sell rating to a hold rating in a research report released on Wednesday morning.

TBK has been the topic of several other reports. Zacks Investment Research cut shares of Triumph Bancorp from a strong-buy rating to a hold rating in a research note on Wednesday, September 20th. Wells Fargo & Co set a $35.00 price objective on shares of Triumph Bancorp and gave the stock a buy rating in a research note on Friday, October 20th. Piper Jaffray Companies cut shares of Triumph Bancorp from an overweight rating to a neutral rating and set a $34.00 price objective on the stock. in a research note on Friday, October 6th. DA Davidson reaffirmed a buy rating and set a $36.00 price objective on shares of Triumph Bancorp in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods set a $38.00 price target on shares of Triumph Bancorp and gave the company a buy rating in a research note on Friday, December 22nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $35.86.

Shares of Triumph Bancorp (NASDAQ:TBK) opened at $36.00 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $749.56, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81. Triumph Bancorp has a 52 week low of $20.50 and a 52 week high of $36.25.

Triumph Bancorp (NASDAQ:TBK) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $43.68 million for the quarter, compared to analysts’ expectations of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. sell-side analysts predict that Triumph Bancorp will post 1.47 EPS for the current fiscal year.

In related news, Director Maribess L. Miller purchased 5,504 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were acquired at an average cost of $29.77 per share, with a total value of $163,854.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 6,504 shares of company stock worth $195,094 over the last three months. 12.35% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its holdings in Triumph Bancorp by 312.0% in the second 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 during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Triumph Bancorp in the third quarter valued at approximately $210,000. First Dallas Securities Inc. acquired a new position in Triumph Bancorp in the third quarter valued at approximately $221,000. Cubist Systematic Strategies LLC acquired a new position in Triumph Bancorp in the third quarter valued at approximately $261,000. Finally, Principal Financial Group Inc. acquired a new position in Triumph Bancorp in the second quarter valued at approximately $218,000. Institutional investors and hedge funds own 61.32% of the company’s stock.

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About Triumph Bancorp

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.

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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