TBK has been the subject of a number of other reports. Raymond James started coverage on Triumph Bancorp in a research report on Wednesday, September 30th. They set a strong-buy rating and a $40.00 price objective for the company. Wells Fargo & Company raised shares of Triumph Bancorp from an underweight rating to an equal weight rating and increased their price objective for the company from $21.00 to $27.50 in a research report on Thursday, October 8th. Piper Sandler boosted their target price on shares of Triumph Bancorp from $25.50 to $29.00 and gave the stock a neutral rating in a research note on Wednesday, September 30th. DA Davidson raised Triumph Bancorp from a neutral rating to a buy rating and increased their target price for the company from $25.00 to $26.00 in a report on Friday, July 10th. Finally, Zacks Investment Research downgraded Triumph Bancorp from a buy rating to a hold rating in a report on Tuesday, October 13th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Triumph Bancorp currently has a consensus rating of Buy and an average price target of $30.10.
Triumph Bancorp stock opened at $42.41 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.43. Triumph Bancorp has a 52-week low of $19.03 and a 52-week high of $43.15. The firm has a market cap of $1.05 billion, a PE ratio of 26.51 and a beta of 1.28. The company’s 50 day moving average is $31.73 and its two-hundred day moving average is $26.83.
Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.21. Triumph Bancorp had a return on equity of 5.29% and a net margin of 11.29%. The business had revenue of $84.28 million for the quarter, compared to analysts’ expectations of $70.49 million. On average, equities research analysts anticipate that Triumph Bancorp will post 0.92 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBK. UBS Group AG increased its position in Triumph Bancorp by 2.8% during the second quarter. UBS Group AG now owns 20,442 shares of the financial services provider’s stock worth $496,000 after buying an additional 560 shares during the period. SG Americas Securities LLC grew its position in shares of Triumph Bancorp by 3.2% during the second quarter. SG Americas Securities LLC now owns 18,399 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 566 shares during the last quarter. Comerica Bank increased its holdings in shares of Triumph Bancorp by 3.5% in the 2nd quarter. Comerica Bank now owns 23,511 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 806 shares during the period. US Bancorp DE raised its position in Triumph Bancorp by 10.1% in the 2nd quarter. US Bancorp DE now owns 9,043 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 831 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Triumph Bancorp by 85.5% during the 2nd quarter. Bank of Montreal Can now owns 2,490 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,148 shares during the period. Institutional investors own 72.49% of the company’s stock.
Triumph Bancorp Company Profile
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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