Triumph Bancorp (NASDAQ:TBK) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a sell rating to a hold rating in a research note released on Wednesday, January 17th.

TBK has been the topic of a number of other reports. Zacks Investment Research upgraded Triumph Bancorp from a hold rating to a strong-buy rating and set a $41.00 price target on the stock in a research note on Saturday, January 13th. Piper Jaffray Companies restated a hold rating and set a $35.00 price target on shares of Triumph Bancorp in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the stock a buy rating in a research note on Friday, December 22nd. FBR & Co restated a hold rating and set a $32.00 price target on shares of Triumph Bancorp in a research note on Monday, October 23rd. Finally, Wells Fargo & Co set a $35.00 price objective on Triumph Bancorp and gave the stock a buy rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Triumph Bancorp has an average rating of Buy and a consensus price target of $37.11.

Triumph Bancorp (TBK) traded up $0.55 during trading hours on Wednesday, reaching $38.60. Triumph Bancorp has a one year low of $20.50 and a one year high of $39.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $803.69, a PE ratio of 21.33, a P/E/G ratio of 1.31 and a beta of 1.04.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. Triumph Bancorp had a return on equity of 9.81% and a net margin of 16.62%. The business had revenue of $49.79 million during the quarter, compared to analyst estimates of $48.74 million. sell-side analysts expect that Triumph Bancorp will post 2.67 earnings per share for the current fiscal year.

In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price 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. Corporate insiders own 12.35% of the company’s stock.

Several hedge funds have recently modified their holdings of TBK. Hodges Capital Management Inc. grew its holdings in shares of Triumph Bancorp by 160.4% during the third quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock worth $12,491,000 after purchasing an additional 238,570 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Triumph Bancorp by 14.4% during the fourth quarter. BlackRock Inc. now owns 1,049,527 shares of the financial services provider’s stock worth $33,060,000 after purchasing an additional 132,407 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Triumph Bancorp by 252.5% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 139,610 shares of the financial services provider’s stock worth $4,502,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Triumph Bancorp by 47.4% during the third quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock worth $9,986,000 after purchasing an additional 99,641 shares during the last quarter. Finally, Banc Funds Co. LLC grew its holdings in shares of Triumph Bancorp by 46.7% during the second quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock worth $7,323,000 after purchasing an additional 95,000 shares during the last quarter. 60.73% of the stock is currently owned by institutional investors.

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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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