BidaskClub lowered shares of Triumph Bancorp, Inc. (NASDAQ:TBK) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

TBK has been the topic of a number of other reports. Piper Jaffray Companies lowered shares of Triumph Bancorp from an overweight rating to a neutral rating and set a $34.00 price target on the stock. in a research report on Friday, October 6th. FBR & Co restated a hold rating and set a $32.00 price target on shares of Triumph Bancorp in a research report on Monday, October 23rd. Zacks Investment Research lowered shares of Triumph Bancorp from a buy rating to a hold rating in a research report on Wednesday, October 25th. DA Davidson restated a buy rating and set a $36.00 price target on shares of Triumph Bancorp in a research report on Friday, October 20th. Finally, Wells Fargo & Company set a $35.00 price target on shares of Triumph Bancorp and gave the stock a buy rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $34.14.

Shares of Triumph Bancorp (TBK) traded up $0.30 during midday trading on Tuesday, hitting $29.20. 59,200 shares of the stock traded hands, compared to its average volume of 89,773. Triumph Bancorp has a 1-year low of $19.53 and a 1-year high of $33.00. The firm has a market capitalization of $601.72, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09.

Triumph Bancorp (NASDAQ:TBK) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Triumph Bancorp had a net margin of 17.59% and a return on equity of 8.40%. The business had revenue of $43.68 million for the quarter, compared to analyst estimates of $44.66 million. equities analysts expect that Triumph Bancorp will post 1.47 EPS for the current fiscal year.

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In related news, Director Charles A. Anderson purchased 2,000 shares of Triumph Bancorp stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of $27.66 per share, with a total value of $55,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 3,000 shares of company stock worth $86,560 over the last three months. Insiders own 12.35% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Triumph Bancorp by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 75,797 shares of the financial services provider’s stock worth $1,955,000 after acquiring an additional 6,806 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Triumph Bancorp by 16.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 9,341 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,326 shares in the last quarter. American International Group Inc. grew its holdings in Triumph Bancorp by 7.0% during the 1st quarter. American International Group Inc. now owns 9,519 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 624 shares in the last quarter. Teachers Advisors LLC grew its holdings in Triumph Bancorp by 60.5% during the 1st quarter. Teachers Advisors LLC now owns 51,319 shares of the financial services provider’s stock worth $1,324,000 after acquiring an additional 19,342 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Triumph Bancorp by 29.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 74,085 shares of the financial services provider’s stock worth $1,911,000 after acquiring an additional 16,999 shares in the last quarter. 46.91% of the stock is currently owned by hedge funds and other institutional investors.

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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