Triumph Bancorp (TBK) Raised to “Buy” at BidaskClub

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.

Triumph Bancorp (NASDAQ:TBK) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. Triumph Bancorp had a net margin of 16.62% and a return on equity of 9.81%. The company had revenue of $49.79 million for the quarter, compared to analyst estimates of $48.74 million. research analysts forecast that Triumph Bancorp will post 2.67 earnings per share for the current year.

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.

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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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