Stephens Downgrades Triumph Bancorp (NASDAQ:TBK) to Equal Weight

Stephens cut shares of Triumph Bancorp (NASDAQ:TBK) from an overweight rating to an equal weight rating in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has $30.00 price target on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on TBK. ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. Zacks Investment Research cut shares of Yatra Online from a hold rating to a sell rating in a report on Saturday, July 6th. BidaskClub cut shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. B. Riley set a $33.00 price objective on shares of Triumph Bancorp and gave the stock a buy rating in a report on Monday, April 22nd. Finally, Piper Jaffray Companies set a $15.00 price objective on shares of BioCryst Pharmaceuticals and gave the stock a buy rating in a report on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $41.20.

Triumph Bancorp stock opened at $28.47 on Tuesday. Triumph Bancorp has a 52-week low of $27.21 and a 52-week high of $44.70. The stock has a fifty day simple moving average of $28.95. The firm has a market capitalization of $758.70 million, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.25 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.06.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $68.85 million during the quarter, compared to analyst estimates of $70.32 million. Triumph Bancorp had a net margin of 17.70% and a return on equity of 9.61%. During the same quarter in the prior year, the business earned $0.52 earnings per share. Sell-side analysts forecast that Triumph Bancorp will post 2.27 earnings per share for the current fiscal year.

In related news, Director Justin N. Trail bought 3,228 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $31.11 per share, with a total value of $100,423.08. Following the purchase, the director now owns 69,406 shares in the company, valued at $2,159,220.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carlos M. Sepulveda bought 3,500 shares of the stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $27.71 per share, for a total transaction of $96,985.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 9,228 shares of company stock worth $270,043. 8.54% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Triumph Bancorp by 2.4% during the 4th quarter. BlackRock Inc. now owns 3,588,809 shares of the financial services provider’s stock valued at $106,588,000 after purchasing an additional 83,458 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Triumph Bancorp during the 4th quarter valued at about $2,343,000. Brown Advisory Inc. boosted its position in shares of Triumph Bancorp by 12.9% during the 4th quarter. Brown Advisory Inc. now owns 557,444 shares of the financial services provider’s stock valued at $16,556,000 after purchasing an additional 63,756 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in shares of Triumph Bancorp by 4.2% during the 4th quarter. Mendon Capital Advisors Corp now owns 1,440,538 shares of the financial services provider’s stock valued at $42,784,000 after purchasing an additional 57,930 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Triumph Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 891,542 shares of the financial services provider’s stock valued at $26,479,000 after purchasing an additional 52,937 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

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