Triumph Bancorp, Inc. (NASDAQ:TBK)‘s stock had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday. They currently have a $33.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 15.38% from the company’s current price.

A number of other research analysts have also weighed in on TBK. FBR & Co lowered shares of Triumph Bancorp from an “outperform” rating to a “market perform” rating and set a $29.00 price target on the stock. in a research note on Friday, July 21st. TheStreet raised shares of Triumph Bancorp from a “c” rating to a “b” rating in a research note on Wednesday, May 17th. Piper Jaffray Companies raised shares of Triumph Bancorp from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a research note on Friday, July 21st. Zacks Investment Research raised shares of Triumph Bancorp from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Wells Fargo & Company raised shares of Triumph Bancorp from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research note on Friday, May 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.00.

Triumph Bancorp (TBK) opened at 28.60 on Wednesday. Triumph Bancorp has a 1-year low of $17.01 and a 1-year high of $29.25. The firm has a market cap of $515.63 million, a price-to-earnings ratio of 17.18 and a beta of 0.78. The firm has a 50-day moving average of $25.52 and a 200 day moving average of $25.00.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.19. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%. The firm had revenue of $43.76 million for the quarter, compared to analyst estimates of $39.38 million. Analysts expect that Triumph Bancorp will post $1.96 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Triumph Bancorp by 17.6% in the first quarter. Bank of America Corp DE now owns 4,273 shares of the financial services provider’s stock worth $111,000 after buying an additional 641 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of Triumph Bancorp during the first quarter worth approximately $201,000. Principal Financial Group Inc. acquired a new stake in shares of Triumph Bancorp during the second quarter worth approximately $218,000. California Public Employees Retirement System acquired a new stake in shares of Triumph Bancorp during the first quarter worth approximately $219,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Triumph Bancorp by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after buying an additional 1,326 shares in the last quarter. 45.83% of the stock is currently owned by institutional investors and hedge funds.

Triumph Bancorp Company Profile

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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