Triumph Bancorp (TBK) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies reissued their hold rating on shares of Triumph Bancorp (NASDAQ:TBK) in a report published on Tuesday morning. They currently have a $35.00 target price on the financial services provider’s stock.

Several other equities research analysts also recently commented on TBK. BidaskClub downgraded shares of Triumph Bancorp from a buy rating to a hold rating in a research report on Thursday, October 19th. FBR & Co reissued a neutral rating and set a $32.00 target price (up from $29.00) on shares of Triumph Bancorp in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Triumph Bancorp from a hold rating to a buy rating and set a $35.00 target price for the company in a research report on Thursday, September 28th. DA Davidson reissued a buy rating and set a $36.00 target price on shares of Triumph Bancorp in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods set a $38.00 price target on shares of Triumph Bancorp and gave the stock a buy rating in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $35.00.

Triumph Bancorp (TBK) traded up $1.50 during trading hours on Tuesday, hitting $35.85. 131,700 shares of the stock traded hands, compared to its average volume of 113,762. 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 company has a market capitalization of $746.43, a P/E ratio of 19.27, a PEG ratio of 1.38 and a beta of 0.81. Triumph Bancorp has a one year low of $20.50 and a one year high of $35.85.

Triumph Bancorp (NASDAQ:TBK) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. The company had revenue of $43.68 million during the quarter, compared to the consensus estimate of $44.66 million. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. equities research analysts predict that Triumph Bancorp will post 1.47 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 that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $29.77 per share, for a total transaction of $163,854.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 6,504 shares of company stock worth $195,094. 12.35% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in Triumph Bancorp in the third quarter valued at about $821,000. Public Employees Retirement System of Ohio purchased a new position in Triumph Bancorp in the third quarter valued at about $575,000. Cubist Systematic Strategies LLC purchased a new position in Triumph Bancorp in the third quarter valued at about $261,000. Allianz Asset Management GmbH boosted its stake in Triumph Bancorp by 21.5% in the third quarter. Allianz Asset Management GmbH now owns 44,459 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 7,866 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Triumph Bancorp by 16,312.2% in the third quarter. Envestnet Asset Management Inc. now owns 16,084 shares of the financial services provider’s stock valued at $519,000 after acquiring an additional 15,986 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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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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