BidaskClub Downgrades Triumph Bancorp (TBK) to Sell

Triumph Bancorp (NASDAQ:TBK) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other research firms also recently commented on TBK. B. Riley increased their price objective on Triumph Bancorp from $42.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, June 19th. Zacks Investment Research upgraded Triumph Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, July 3rd. Stephens reiterated a “buy” rating and issued a $46.00 price objective on shares of Triumph Bancorp in a report on Thursday, July 19th. Finally, ValuEngine downgraded Triumph Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.11.

TBK opened at $41.60 on Tuesday. Triumph Bancorp has a one year low of $27.25 and a one year high of $44.05. The stock has a market capitalization of $1.10 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Triumph Bancorp had a net margin of 17.55% and a return on equity of 10.51%. The business had revenue of $58.20 million during the quarter, compared to analysts’ expectations of $56.86 million. research analysts expect that Triumph Bancorp will post 2.4 earnings per share for the current year.

In related news, EVP Daniel J. Karas sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $41.96, for a total transaction of $125,880.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. United Services Automobile Association grew its stake in Triumph Bancorp by 31.7% during the 2nd quarter. United Services Automobile Association now owns 7,224 shares of the financial services provider’s stock worth $294,000 after buying an additional 1,740 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Triumph Bancorp by 33.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,958 shares of the financial services provider’s stock worth $324,000 after buying an additional 1,993 shares during the last quarter. Voya Investment Management LLC grew its stake in Triumph Bancorp by 30.6% during the 2nd quarter. Voya Investment Management LLC now owns 8,528 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,999 shares during the last quarter. Quantbot Technologies LP purchased a new position in Triumph Bancorp during the 1st quarter worth approximately $100,000. Finally, Suffolk Capital Management LLC grew its stake in Triumph Bancorp by 12.8% during the 2nd quarter. Suffolk Capital Management LLC now owns 24,118 shares of the financial services provider’s stock worth $983,000 after buying an additional 2,741 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

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.

Read More: How Do Tariffs Affect Trade Balances?

Analyst Recommendations for Triumph Bancorp (NASDAQ:TBK)

Receive News & Ratings for Triumph Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triumph Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply