BidaskClub upgraded shares of Triumph Bancorp Inc (NASDAQ:TBK) from a hold rating to a buy rating in a report published on Thursday.

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Triumph Bancorp from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research report on Wednesday, July 5th. Piper Jaffray Companies raised Triumph Bancorp from a neutral rating to an overweight rating and set a $32.00 price objective on the stock in a research report on Friday, July 21st. Wells Fargo & Company raised Triumph Bancorp from a market perform rating to an outperform rating and set a $27.00 price target on the stock in a research report on Friday, May 26th. FBR & Co cut Triumph Bancorp from an outperform rating to a market perform rating and set a $29.00 price target on the stock. in a research report on Friday, July 21st. Finally, Stephens reissued an overweight rating and issued a $34.00 price target on shares of Triumph Bancorp in a research report on Monday, August 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Triumph Bancorp has an average rating of Buy and an average target price of $30.57.

Shares of Triumph Bancorp (NASDAQ TBK) traded up 0.080% during mid-day trading on Thursday, hitting $31.325. The stock had a trading volume of 43,768 shares. The firm has a market cap of $564.76 million, a PE ratio of 18.814 and a beta of 0.79. Triumph Bancorp has a 52-week low of $18.36 and a 52-week high of $31.50. The stock’s 50-day moving average price is $28.18 and its 200-day moving average price is $25.30.

Triumph Bancorp (NASDAQ:TBK) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.19. The business had revenue of $43.76 million for the quarter, compared to analysts’ expectations of $39.38 million. Triumph Bancorp had a return on equity of 12.84% and a net margin of 22.08%. On average, analysts anticipate that Triumph Bancorp will post $1.93 earnings per share for the current fiscal year.

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In related news, Director Charles A. Anderson purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $27.66 per share, with a total value of $55,320.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.35% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TBK. Wellington Management Group LLP boosted its position in shares of Triumph Bancorp by 889.6% in the 1st quarter. Wellington Management Group LLP now owns 1,071,766 shares of the financial services provider’s stock worth $27,652,000 after purchasing an additional 963,465 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of Triumph Bancorp in the 2nd quarter worth approximately $3,102,000. RMB Capital Management LLC boosted its position in shares of Triumph Bancorp by 24.7% in the 1st quarter. RMB Capital Management LLC now owns 506,437 shares of the financial services provider’s stock worth $13,066,000 after purchasing an additional 100,233 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Triumph Bancorp by 85.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 210,010 shares of the financial services provider’s stock worth $5,156,000 after purchasing an additional 97,051 shares in the last quarter. Finally, Banc Funds Co. LLC boosted its position in shares of Triumph Bancorp by 46.7% in the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock worth $7,323,000 after purchasing an additional 95,000 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

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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