Triumph Bancorp (NASDAQ:TBK)‘s stock had its “buy” rating reissued by stock analysts at Piper Jaffray Companies in a research note issued on Thursday. They presently have a $49.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 14.89% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods set a $38.00 price target on Triumph Bancorp and gave the stock a “buy” rating in a research note on Friday, December 22nd. BidaskClub upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Sandler O’Neill restated a “buy” rating and set a $41.00 price target on shares of Triumph Bancorp in a research note on Tuesday, January 23rd. B. Riley upgraded Triumph Bancorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $38.00 to $42.00 in a research note on Tuesday, January 23rd. Finally, ValuEngine upgraded Triumph Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.67.

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Triumph Bancorp (NASDAQ TBK) opened at $42.65 on Thursday. The stock has a market capitalization of $888.23, a P/E ratio of 21.87, a P/E/G ratio of 1.47 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. Triumph Bancorp has a 12 month low of $20.50 and a 12 month high of $44.05.

Triumph Bancorp (NASDAQ:TBK) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.08. The firm had revenue of $49.79 million for the quarter, compared to the consensus estimate of $48.74 million. Triumph Bancorp had a return on equity of 9.38% and a net margin of 16.62%. analysts expect that Triumph Bancorp will post 2.67 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. boosted its stake in shares of Triumph Bancorp by 108.6% in the fourth quarter. Phocas Financial Corp. now owns 333,678 shares of the financial services provider’s stock valued at $10,511,000 after buying an additional 173,725 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Triumph Bancorp in the fourth quarter valued at approximately $236,000. Millennium Management LLC boosted its stake in shares of Triumph Bancorp by 3.1% in the fourth quarter. Millennium Management LLC now owns 267,893 shares of the financial services provider’s stock valued at $8,439,000 after buying an additional 8,051 shares in the last quarter. Forest Hill Capital LLC boosted its stake in shares of Triumph Bancorp by 40.5% in the fourth quarter. Forest Hill Capital LLC now owns 170,332 shares of the financial services provider’s stock valued at $5,365,000 after buying an additional 49,139 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Triumph Bancorp by 1.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 71,622 shares of the financial services provider’s stock valued at $2,256,000 after buying an additional 1,360 shares in the last quarter. Institutional investors own 62.97% 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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