BidaskClub upgraded shares of Triumph Bancorp (NASDAQ:TBK) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
Several other equities analysts have also commented on the stock. Sandler O’Neill reaffirmed a buy rating and set a $41.00 target price on shares of Triumph Bancorp in a report on Tuesday, January 23rd. B. Riley raised shares of Triumph Bancorp from a neutral rating to a buy rating and increased their target price for the company from $38.00 to $42.00 in a report on Tuesday, January 23rd. Piper Jaffray Companies raised shares of Triumph Bancorp from a neutral rating to an overweight rating in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Triumph Bancorp from a hold rating to a strong-buy rating and set a $41.00 target price on the stock in a report on Saturday, January 13th. Finally, Keefe, Bruyette & Woods set a $38.00 target price on shares of Triumph Bancorp and gave the company a buy rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $37.11.
Triumph Bancorp (NASDAQ TBK) opened at $38.60 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. Triumph Bancorp has a twelve month low of $20.50 and a twelve month high of $39.83. The company has a market cap of $792.22, a price-to-earnings ratio of 24.71, a P/E/G ratio of 1.30 and a beta of 1.04.
In other news, Director Maribess L. Miller purchased 5,504 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.35% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Triumph Bancorp by 312.0% in the 2nd quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 3,953 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Triumph Bancorp in the 3rd quarter worth about $210,000. First Dallas Securities Inc. purchased a new stake in shares of Triumph Bancorp in the 3rd quarter worth about $221,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Triumph Bancorp in the 3rd quarter worth about $261,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Triumph Bancorp in the 2nd quarter worth about $218,000. 60.73% of the stock is owned by hedge funds and other institutional investors.
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.
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