Triumph Bancorp (NASDAQ:TBK) Receives Hold Rating from Piper Jaffray Companies

Piper Jaffray Companies restated their hold rating on shares of Triumph Bancorp (NASDAQ:TBK) in a research report report published on Tuesday, January 9th. They currently have a $35.00 target price on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. BidaskClub lowered Triumph Bancorp from a hold rating to a sell rating in a report on Tuesday, December 12th. FBR & Co reissued a neutral rating and issued a $32.00 price objective (up from $29.00) on shares of Triumph Bancorp in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a buy rating and issued a $37.00 price objective on shares of Triumph Bancorp in a research note on Thursday, December 14th. Zacks Investment Research downgraded Triumph Bancorp from a buy rating to a hold rating in a research report on Wednesday, October 25th. Finally, DA Davidson reaffirmed a buy rating and issued a $36.00 price target on shares of Triumph Bancorp in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $35.86.

Shares of Triumph Bancorp (NASDAQ:TBK) remained flat at $$35.10 on Tuesday. The stock had a trading volume of 75,777 shares, compared to its average volume of 108,936. Triumph Bancorp has a one year low of $20.50 and a one year high of $36.25. The stock has a market cap of $738.10, a PE ratio of 18.87, a PEG ratio of 1.39 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.01.

Triumph Bancorp (NASDAQ:TBK) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.47 EPS for the quarter, topping the Zacks’ 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%. analysts expect that Triumph Bancorp will post 1.47 EPS for the current fiscal year.

In related news, Director Maribess L. Miller purchased 5,504 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average price of $29.77 per share, with a total value of $163,854.08. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders purchased 6,504 shares of company stock worth $195,094. 12.35% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of TBK. Citigroup Inc. lifted its stake in shares of Triumph Bancorp by 312.0% during the second quarter. Citigroup Inc. now owns 5,220 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 3,953 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Triumph Bancorp in the third quarter valued at about $210,000. Principal Financial Group Inc. bought a new stake in Triumph Bancorp in the second quarter valued at about $218,000. First Dallas Securities Inc. bought a new stake in Triumph Bancorp in the third quarter valued at about $221,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Triumph Bancorp in the third quarter valued at about $261,000. 61.32% of the stock is currently owned by institutional investors.

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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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