Triumph Bancorp, Inc. (NASDAQ:TBK) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.57.
TBK has been the topic of a number of analyst reports. TheStreet upgraded shares of Triumph Bancorp from a “c” rating to a “b” rating in a research report on Wednesday, May 17th. Wells Fargo & Company upgraded shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of Triumph Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 21st. FBR & Co cut shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 target price on the stock. in a research report on Friday, July 21st. Finally, Piper Jaffray Companies upgraded shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Friday, July 21st.
Shares of Triumph Bancorp (NASDAQ:TBK) traded up 1.25% on Tuesday, hitting $28.45. 181,095 shares of the stock traded hands. The firm has a market cap of $512.93 million, a P/E ratio of 17.09 and a beta of 0.79. The stock has a 50-day moving average price of $28.03 and a 200 day moving average price of $25.23. Triumph Bancorp has a 52 week low of $18.36 and a 52 week high of $29.25.
Triumph Bancorp (NASDAQ:TBK) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $43.76 million for the quarter, compared to analysts’ expectations of $39.38 million. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. Equities research analysts predict that Triumph Bancorp will post $1.93 EPS for the current fiscal year.
In other news, Director Charles A. Anderson acquired 2,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $27.66 per share, for a total transaction of $55,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.35% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 641 shares during the period. Citigroup Inc. increased its position in shares of 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 acquiring an additional 3,953 shares during the period. Nine Chapters Capital Management LLC purchased a new position in shares of Triumph Bancorp in the first quarter valued at about $201,000. California Public Employees Retirement System purchased a new position in shares of Triumph Bancorp in the first quarter valued at about $219,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Triumph Bancorp in the second quarter valued at about $218,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.
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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