Triumph Bancorp (TBK) Stock Rating Lowered by BidaskClub
Triumph Bancorp (NASDAQ:TBK) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.
Several other research firms have also commented on TBK. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research report on Friday, December 22nd. Piper Jaffray Companies lowered Triumph Bancorp from an “overweight” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Friday, October 6th. FBR & Co reissued a “hold” rating and issued a $32.00 price target on shares of Triumph Bancorp in a research report on Monday, October 23rd. Zacks Investment Research lowered Triumph Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co set a $35.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Triumph Bancorp currently has an average rating of “Hold” and a consensus target price of $34.86.
Shares of Triumph Bancorp (TBK) opened at $31.50 on Friday. 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 firm has a market capitalization of $655.86, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. Triumph Bancorp has a 1 year low of $20.50 and a 1 year high of $35.45.
Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $43.68 million during the quarter, compared to analyst estimates of $44.66 million. Triumph Bancorp had a return on equity of 8.40% and a net margin of 17.59%. equities research analysts predict that Triumph Bancorp will post 1.47 earnings per share for the current year.
In other Triumph Bancorp news, Director Maribess L. Miller bought 5,504 shares of Triumph Bancorp stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $29.77 per share, with a total value of $163,854.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 6,504 shares of company stock worth $195,094 over the last ninety days. 12.35% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Hodges Capital Management Inc. grew its stake in Triumph Bancorp by 160.4% during the 3rd quarter. Hodges Capital Management Inc. now owns 387,315 shares of the financial services provider’s stock valued at $12,491,000 after purchasing an additional 238,570 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in Triumph Bancorp during the 2nd quarter valued at about $3,102,000. Emerald Mutual Fund Advisers Trust grew its stake in Triumph Bancorp by 252.5% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 139,610 shares of the financial services provider’s stock valued at $4,502,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Triumph Bancorp by 47.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 309,651 shares of the financial services provider’s stock valued at $9,986,000 after purchasing an additional 99,641 shares during the last quarter. Finally, Banc Funds Co. LLC grew its stake in Triumph Bancorp by 46.7% during the 2nd quarter. Banc Funds Co. LLC now owns 298,300 shares of the financial services provider’s stock valued at $7,323,000 after purchasing an additional 95,000 shares during the last quarter. 61.32% of the stock is currently owned by institutional investors.
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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.
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